Recent price trends in Tokyo's apartment rental market
Several reports on Tokyo’s apartment rental market were released over the past few weeks, highlighting some recent trends based on apartment type and size.Read more
New office building for Sapporo's neon nightlife neighborhood
This November, Tokyu Land Corporation will open a 13-story tenant office building (pictured above) in Sapporo’s Susukino neighborhood, the biggest entertainment district north of Tokyo. Why build an office here?
Susukino is a major shopping and entertainment destination, and not commonly thought of as an office district. Why would a developer build an office here? A representative from the developer, Tokyu Land Corporation, said that as the lines between work life and personal life blur, an office in a more vibrant location with plenty of places to eat, shop and be entertained might make for a more exciting work environment.Read more
Occupancy, Yields, and Rents for Tokyo’s multifamily market
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly 1,000 units listed for sale across the city's 23 wards as of August 2024. This gives us a snapshot of occupancy rates, yields, and rents. Based on this sample, the median gross* yield is 4.09%.Read more
Tokyo Office Rentals: Pandemic-Era Insights by Building Size
Office rental data published by Sanko Estate illustrates how different sized buildings fared during the pandemic. Given the overwhelming number of small and medium sized companies in Tokyo, this can impact the sub-sectors of the office market in different ways.Read more
REIT acquires student housing in Tokyo
A J-REIT is acquiring the trust beneficiary rights to a 182-unit purpose-built student accommodation asset in Tokyo from its sponsor at a cap rate of 4.07%.Read more
Free rent on the rise in the office leasing sector
Although office vacancy rates in Tokyo have been shrinking and rents appear to be recovering from a recent low, incentives, such as free rental periods, are on the rise. This might indicate some continued softness in the office market sector.Read more
18,000 m2 Toranomon office building sells for 860 million Yen
Nippon Building Fund (NBF) has sold a 61-year old office building in Toranomon back to its sponsor, Mitsui Fudosan, for just 860 million Yen (US$5.5 million). This may seem like a remarkably low price, considering the REIT paid 13.3 billion Yen for it in 2004, and there’s a good explanation.Read more