More office buildings stuck with long-term vacancies
A research report by the Nikkei Shimbun newspaper has found a sharp increase in the number of large office buildings facing long periods of relatively high vacancy rates in Tokyo, with the majority of the vacant space located on the bayside islands.Read more
Nissan Motor may sell global HQ building in Yokohama
Nissan Motor may be considering the sale of its global headquarters in Yokohama City, according to an information session held on May 23.Read more
Tokyo apartment rents see 6.8% y-o-y increase
The average advertised rent on an apartment in Tokyo’s 23 wards reached a new record high in April, spurred on by the supply of a number of luxury condos in the city centre.Read more
Nissan to close two plants in Kanagawa
By 2027, Nissan Motor is considering the closure of seven plants worldwide, two of which are located in Kanagawa Prefecture. This follows news that the automotive manufacturer is planning to cut a further 11,000 jobs globally after posting a US$4.5 billion net loss for the fiscal year ending in March.Read more
Tokyo’s Koto ward to tighten rules on data center development
With growing demand for data center projects, driven largely by the expansion of cloud services and generative AI, and increasing tensions with local residents, Tokyo’s Koto ward has issued new guidelines on data center development.Read more
Tokyo's largest subway operator to launch hotel brand
Tokyo Metro, operator of Tokyo’s largest subway system, is launching its own hotel brand and operations utilizing land it owns around major train stations and acquiring new sites, according to its mid-term business plan for 2025 to 2027.Read more
Beppu hotels acquired by Tokyo based real estate companies
Two Tokyo-based real estate companies are planning a 5-story luxury hotel in Beppu’s Kannawa Onsen district.Read more