44-yr old Osaka office building sells for over 30 billion Yen
Kanden Realty & Development, a subsidiary of the Kansai Electric Power Company, has paid over 30 billion Yen (US$208 million) for the former headquarters of textile manufacturer Toyobo.Read more
Occupancy, Yields, and Rents for Tokyo’s multifamily market
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly 1,000 units listed for sale across the city's 23 wards as of August 2024. This gives us a snapshot of occupancy rates, yields, and rents. Based on this sample, the median gross* yield is 4.09%.Read more
Confectioner acquires winery in Koshu Valley wine country
Châteraisé, a confectioner based in Yamanashi Prefecture, has acquired the Grande Polaire Katsunuma Winery from Sapporo Beer for an undisclosed price.Read more
130-meter tall office & residential tower for Iidabashi
A 130-meter tall, 21-story mixed-use building is planned for part of a city block just south of Iidabashi Station. This project will be primarily office with the top four floors dedicated to apartments.Read more
Inzai City’s data center boom boosts tax revenues and land values
Inzai City in Chiba is experiencing a data center rush and a doubling in city tax revenues as major operators set up shop in the once-sleepy bed town. The rapid influx has led to the Chiba New Town station area, in Inzai, being nicknamed ‘DC Ginza’.Read more
Miyagi golf course sale draws opposition and potential criminal complaint
Plans to convert a golf course in Kami Town, Miyagi Prefecture, into a mega solar farm have drawn opposition and allegations of fraudulent misrepresentation by the initial buyer.Read more
Just how unpopular are fixed-term leases?
If you are investing in multifamily assets in Japan, you’re probably thinking about the potential to raise rents in the near future. But, Japanese tenancy laws do not allow unilateral rental increases for standard, renewable leases. There is the option of fixed-term leases, but how popular are they?Read more