Japan's land values reach highest level since 1991
March 29, 2024Real Estate News,Market Information,All,Tokyo
Annual land values were announced on Tuesday and the return-to-work trend, recovery in inbound tourism, and a dispersal of attention away from Niseko and towards other cheaper ski resort destinations is apparent.Read more
Japan’s lawyer-only office buildings
March 27, 2024Real Estate News,All
Ever heard of a lawyers building (弁護士ビル) ? As the name suggests, they’re designed almost exclusively for law offices.Read more
REIT sells Shinagawa office at loss as vacancy rate jumps to 50%
March 25, 2024Office/Retail News & Information,Real Estate News,All,Tokyo
A J-REIT has sold a large office building in Shinagawa at a 12% loss to an unnamed buyer. The sale price of 61 billion Yen (approx. US$403 million) is 12% below book value and 8.5% below an October 2023 appraisal.Read more
Chiyoda office vacancy rate reaches 39-month low
March 22, 2024Office/Retail News & Information,Real Estate News,Market Information,All,Tokyo
In February, the office vacancy rate in the Chiyoda business district in Tokyo reached the lowest level in 39 months. According to office brokerage Miki Shoji, the vacancy rate dropped by 0.2 points from the previous month to 2.96%. This is 1.4 points lower than 12 months ago.Read more
A brief market rundown for a multi-family building in Tokyo
March 20, 2024Real Estate News
Here’s a summary of a market analysis on a multi-family apartment building for sale in Tokyo. Transport-wise, it’s an area that offers a short commute for office workers.Read more
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Slim pickings for large apartments in Tokyo
March 15, 2024Real Estate News,Rental Market,Market Information,Tokyo
Small housing options continue to dominate Tokyo's rental supply, while larger ones remain a rare find. In the 23 wards, 93% of rental apartment listings are under 60 m2 (645 sq.ft) in size and just 0.7% are over 100 m2 (1,076 sq.ft) in size. Read more