Akasaka Park Building to be sold back to sponsor
Japan Real Estate Investment Corporation is selling Akasaka Park Building for 80.7 billion Yen (approx. US$538 million) to its sponsor, Mitsubishi Estate, with the sale to take place over six stages between April 2025 and October 2027. The building had an appraised cap rate of 3.1%.Read more
Gap between advertised rents and tenant budgets reaches record high
The gap between the average advertised rent of housing in Tokyo’s 23 wards and tenant budget based on inquiries has reached its widest level in February, according to data published by LIFULL Home’s Press. The difference was the largest for family-oriented rentals.Read more
Our 2025 Q1 Japan Real Estate Market Report
Subscribers can download our Q1 report below.Read more
Japan's private real estate fund market reaches 40 trillion Yen
The market size of private real estate funds in Japan reached 40.8 trillion Yen (US$273 billion) by the end of 2024, according to a survey conducted by the Association for Real Estate Securitization (ARES) and Sumitomo Mitsui Trust Research Institute.Read more
Japan’s hotel industry hits record high of 5.5 trillion Yen in 2024
Japan’s hotel and ryokan industry reached a record high revenue of 5.5 trillion Yen (US$37 billion) in 2024, according to the Teikoku Databank, surpassing the previous peak of 5.2 trillion Yen recorded in 2018.Read more
Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%), Osaka City (+11.6%), and Fukuoka City (+11.3%) all seeing year-on-year growth in the double digits.
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the results of the nationwide assessed land values (地価公示) on March 18. Nationwide, the average land value across all uses increased for the 4th year in a row with 2.7% growth, showing an increasing pace from 2024 (+2.3%), 2023 (+1.6%), and 2022 (+0.6%).Read more
250m tall tower to transform Yaesu's office market
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station. TOFROM Yaesu is a 250-meter tall, 51-story office tower due for completion in early 2026. Redevelopment discussions began in 2000.Read more