Office rents increase in Tokyo's Grade A and C buildings
Rents for Grade A office in central Tokyo have recovered to 2021 levels, according to Sanko Estate and the NLI Research Institute. Average monthly office rents reached 30,509 Yen per tsubo (9,230 Yen/sqm) in the first quarter of 2025, up 7.1% from the previous quarter and the sixth consecutive quarter to see growth. This is the first time rents have exceeded 30,000 Yen per tsubo since the fourth quarter of 2021.Read more
Hoshino Resorts launches mountain hiking hotel brand
Hoshino Resorts, operator of a number of ryokan and hotels, has launched a new hotel brand centred around mountain resorts. The goal of the LUCY hotel brand is to harness the nature-based tourism potential of Japan’s national parks and other scenic locations and encourage inbound tourists to venture outside of major cities.Read more
Tokyo's Chuo City to start buying up old akiya
Tokyo’s Chuo City has started a program to acquire land with old ‘akiya’ or vacant homes that are at risk of collapsing or spreading fire in the event of a disaster. This is in response to the devastating fires that broke out in a densely packed neighborhood of wooden houses in Noto’s Wajima market following an earthquake on January 1, 2024.Read more
Hilton to open above Akasaka Station
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka 2•6 Chome District Redevelopment above Akasaka Station. This will be the first Canopy by Hilton property to open in the Kanto area and the third in Japan.Read more
Hilton Garden Inn to open in Nagasaki
On April 24, Daiwa House Industry announced plans to open the Hilton Garden Inn Nagasaki Chinatown in Nagasaki City. This will be the second Hilton-branded hotel in Nagasaki and the first Garden Inn property in Kyushu.Read more
Rental growth in Tokyo reaches 30-year high
Tokyo’s rental growth reached a 30-year high in March, with the Consumer Price Index (CPI) for privately-rented housing showing a 1.1% year-on-year increase. This is the highest percentage increase since October 1994. Nationwide, average rents increased by 0.4%, marking the 20th consecutive month of annual growth.Read more
Nomura and IHI open warehouse with shared logistics facility in Yokohama
Nomura Real Estate Development and IHI Corporation, a heavy-industry manufacturer and engineering company, will open a jointly-developed logistics centre in Yokohama on May 1. The four-story building with a GFA of 160,000 m2 (1.7 million sq.ft) is already fully leased.Read more