Office vacancy rate hits 7 year high
The average office vacancy rate across Tokyo’s five business districts of Chiyoda, Chuo, Minato, Shinjuku, and Shibuya reached 6.43% in September, up 0.12 points from the previous month and the highest level seen since June 2014 when it was 6.45%.
Touring the most expensive residential land in Japan
The Akasaka/Toranomon district is one part of Tokyo that is beating property price trends, despite the pandemic. It is home to the most expensive residential land in Japan. Exploring the neighborhood will help to explain why it is outperforming the others.
Solar farms may soon be allowed on abandoned land
The government has firmed up details on a proposal to expand the usage options of abandoned land across the country. The goal is to make the land available for disaster preparation facilities, and renewable energy plants.
52-story apartment tower for Nihonbashi
As part of the Nihonbashi 1 Chome East District Redevelopment, a proposal for a 52-story apartment tower and 40-story office tower has been announced.
Tokyo Apartment Sales in September 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2021:
Historic home in Kyoto donated to university
The former home of noted theoretical physicist and Nobel laureate Hideki Yukawa (1907-1981) has been donated to Kyoto University.
Hamamatsucho Building redevelopment kicks off after a delayed start
The official groundbreaking ceremony for the Shibaura 1 Chome Project was held on September 28. This project will see the former Hamamatsucho Building replaced with two 235-meter tall towers.