Central Tokyo's office vacancy rate drops to 48-month low

Tokyo’s office market continues to show signs of gradual recovery as vacancy rates improve and rents stabilize. While bayside submarkets continue to struggle with high vacancy rates, the central business areas have seen vacancy rates contract to a 48-month low.Read more


Niseko ramping up for record-breaking ski season

This ski season, hotel bookings in Niseko and Kutchan are expected to surpass last year’s record as inbound tourism continues its post-pandemic recovery.Read more


REIT sells 302-room Osaka hotel for 7.75 billion Yen

Ichigo Hotel REIT has sold a 302-room hotel in Osaka to an unnamed buyer for 7.75 billion Yen (US$50 million), 2% more than the REIT paid for it eight years ago. The sale price works out to be around 25.66 million Yen per key.Read more


Over 50% of households in Tokyo will be single-occupants by 2050

By 2050, the share of single-occupant households in Tokyo is expected to reach a record high of 54.1%, according to the National Institute of Population and Social Security Research.Read more


Construction giant enters data center business

Construction giant Obayashi Corporation announced its entry into the urban data center market with the establishment of a new development and operational firm called MiTASUN.Read more


University acquires Hilltop Hotel

Meiji University has acquired the historic Yamanoue Hotel (Hilltop Hotel) adjoining its campus in central Tokyo. The university announced the acquisition on November 15.Read more