Akasaka Park Building to be sold back to sponsor
Japan Real Estate Investment Corporation is selling Akasaka Park Building for 80.7 billion Yen (approx. US$538 million) to its sponsor, Mitsubishi Estate, with the sale to take place over six stages between April 2025 and October 2027. The building had an appraised cap rate of 3.1%.Read more
Gap between advertised rents and tenant budgets reaches record high
The gap between the average advertised rent of housing in Tokyo’s 23 wards and tenant budget based on inquiries has reached its widest level in February, according to data published by LIFULL Home’s Press. The difference was the largest for family-oriented rentals.Read more
Our 2025 Q1 Japan Real Estate Market Report
Subscribers can download our Q1 report below.Read more
Kita Aoyama buildings to sell for 18 billion Yen
ORIX JREIT is disposing of two buildings in Kita Aoyama, Tokyo, in preparation for potential redevelopment. The REIT is selling Aoyama Suncrest Building and its adjoining Kita Aoyama Building back to its sponsor for a combined 18 billion Yen (approx. US$120 million).Read more
Japan's private real estate fund market reaches 40 trillion Yen
The market size of private real estate funds in Japan reached 40.8 trillion Yen (US$273 billion) by the end of 2024, according to a survey conducted by the Association for Real Estate Securitization (ARES) and Sumitomo Mitsui Trust Research Institute.Read more
Softbank acquires Sharp factory in Osaka for data center conversion
Sharp is selling part of its Sakai Display Product (SDP) plant and land in Osaka to Softbank with a sale price estimated to be around 100 billion Yen (US$671 million). The electronics manufacturer is expecting to post a 75.4 billion Yen (US$506 million) profit on sales as a result.Read more
Japan’s hotel industry hits record high of 5.5 trillion Yen in 2024
Japan’s hotel and ryokan industry reached a record high revenue of 5.5 trillion Yen (US$37 billion) in 2024, according to the Teikoku Databank, surpassing the previous peak of 5.2 trillion Yen recorded in 2018.Read more