Shibuya’s Silicon Valley status pushing rents to new highs
Thanks to its fast-growing status as Japan’s new tech center, Shibuya has outpaced Chiyoda as the most expensive office district in Tokyo.
Shibuya onsen to be converted into shared office space
An office conversion is planned for a long-shuttered spa and onsen building in downtown Shibuya. Shiespa, located 600 meters from Shibuya Station, opened in 2006 as a women-only spa and onsen. It closed its doors in August 2007 and has sat vacant ever since.
120m tall office tower for Shibuya Station area
A 120-meter tall office tower is planned for a site just behind the Shibuya Hikarie building in central Tokyo.
New potential redevelopment plan announced for Shibuya Station area
On December 18, Tokyu Land announced the formation of a project agreement with the Next Shibuya Sakuragaoka District Town Area Redevelopment Preparation Committee.
One of Shibuya's oldest homes hits the market
A traditional Japanese house in the heart of Shibuya is currently on the market for 2.27 billion Yen (approx. 20.3 million USD).
Shibuya Station Sakuragaoka Redevelopment to start in January
Preparation for the Shibuya Station Sakuragaoka Exit District Redevelopment is scheduled to start in January 2019. Demolition of the existing buildings will start in January, with construction of the new buildings to begin in 2020. Completion is expected by late 2023.
Office rents on the rise as Shibuya returns as Japan’s IT hub
The major redevelopment projects currently underway around Shibuya Station are, as expected, pushing up office rents. The announcement that Google Japan will relocate their head office to the recently completed Shibuya Steam building next year has heralded the return of Shibuya as Japan’s ‘Bit Valley’ and has been the driving force behind the district’s booming office market.