Market overview of a Shinjuku multi-family building for sale
Let’s do a bit of a dive into a multi-family property listed for sale in central Tokyo recently.Read more
Toranomon Hills Business Tower floor sells for 8.4 billion Yen
United Urban Investment Corporation, a J-REIT, has paid 8.435 billion Yen (approx. US$56 million) for the 8th floor in Toranomon Hills Business Tower. The cap rate is 3.3%.Read more
Properties we have sourced this month
The following is a list of some of the off-market listings we have dug up this month. Read more
Tokyo office rents increase for first time in 3.5 years
In December, office rents in central Tokyo saw the first month-on-month increase in 3.5 years. According to brokerage Miki Shoji, the average monthly rent per tsubo was 19,748 Yen (5,975 Yen/m2), up 22 Yen from the previous month and the first increase since July 2020.Read more
Properties we have sourced last month
This is a brief summary of some of the off-market properties we have sourced for clients over the past month. Supply remains thin, but we did unearth some good options.Read more
Commercial real estate volume reaches 2.3 trillion in first half of 2023
The total volume of real estate acquisitions made during the first half of 2023 reached 2.3 trillion Yen (approx. US$15.5 billion), according to the Japan Real Estate Institute, up 9.5% from the second half of 2022.Read more
51-yr old building in Tsukiji transacts for high price
A developer has paid an assumed 17.5 billion Yen (US$125 million) for a 51-year old office building in Tsukiji. The new owner plans to demolish the Shin Hanwa Building and redevelop the site.Read more