Central Tokyo's office vacancy rate drops to 48-month low
December 4, 2024Office/Retail News & Information,Real Estate News,Market Information,All,Tokyo
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
December 2, 2024Japan Hotel News,Niseko Real Estate Market,Niseko Real Estate NewsAll,Hotel News
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
November 29, 2024Japan Hotel NewsReal Estate News,All,Osaka,Hotel News
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
Tokyo developer buys site near Furano ski slopes
November 27, 2024Japan Ski Resorts,Hokkaido Real Estate News,Hokkaido Real Estate Market,Furano Real Estate News,Furano Real Estate MarketReal Estate News,All
A Tokyo-based developer has acquired land near Furano’s Kitanomine ski slope with plans to develop a hotel or hotel-condominium.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
November 22, 2024Japan Data CentersNew Construction,Real Estate News,All,Tokyo
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
November 20, 2024Japan Hotel NewsReal Estate News,All,Hotel News,Tokyo
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