Shinjuku Golden-Gai foreclosure attracts 100 bidders

A public foreclosure auction of a tiny piece of Shinjuku’s famous Golden-Gai bar district attracted 100 bidders last month and ended up selling for over 100 times its reserve.Read more

Gap between studio and larger apartment rental market widens

There is a growing divide in the rental market between the small studio-type and larger family-type apartments in Japan’s major centers. Based on the latest data for the month of March, the gap is widening with larger rental apartments seeing double-digit y-o-y growth in some cities. But is this rental growth reflecting an actual increase in tenant budgets or are landlords just hiking up advertised rents? Let's take a look.Read more

Japan’s shrinking hotel sizes

Hotel construction may have resumed to a normal pace post-pandemic, but the average floor size per building is shrinking rapidly. Nationwide, the average GFA of a hotel built in 2023 was 72% smaller than the recent high seen in 2018.Read more

Inbound tourism recovery bolsters hotel occupancy and room rates

With Japan's inbound tourism market now starting to exceed pre-pandemic levels, conditions are looking positive for hotel operators. A recent survey by Tokyo Shoko Research (TSR) found that 80% of the hotels were reporting occupancy rates of 80% and higher. Room rates, too, are now seeing pricing higher than 2019 levels.Read more

Railway company embarks on first student accommodation project

With the coming relocation of a university campus and expectations of a rise in tenant demand, one railway company in west Japan has embarked on its first student housing project. The student rental building will be a 4-minute walk to the new campus and a 9-minute walk to Takamatsu Station.Read more

Single-occupant households to increase by 2.15 million over next 30 years

By 2050, 44.3% of Japan’s population will be single-occupant households. This is according to the National Institute of Population and Social Security Research’s report published on April 12.Read more

Business confidence returns to hotel operators as travel spending exceeds pre-pandemic level

Domestic travel spending by Japanese travellers saw a 14.8% increase in 2023 compared to the pre-pandemic level in 2019. According to the Japan Tourism Agency (JTA), travellers spent an average of 63,212 Yen per person.Read more