Here’s where apartment rents are increasing the most across Japan

Rents for more spacious ‘family-type’ apartments in Japan’s major cities reached record highs in October, according to a report released by multiple-listing provider and data aggregator AtHome. The larger-sized rental housing is becoming an interesting segment of the market to observe as would-be homebuyers are starting to shift to rental housing as they become priced out of the condo market.Read more


Tokyo’s apartment rents increase 0.2% in November

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in Tokyo’s 23 wards was 4,236 Yen/m2 in November, up 0.2% from the previous month and up 10.7% from last year.Read more


Japan’s cold storage to heat up as inventory shrinks

Cold storage warehousing is expected to face dire market conditions in the coming years with demand to outstrip limited supply.Read more


What is the current pricing and yields on multi family assets in Tokyo?

To gain a bit more insight into Tokyo's multi-family market, we took a sample of 20 apartment buildings currently advertised for sale across Tokyo’s 23 wards, each priced above 1 billion Yen and with at least 10 units per building.

Yields

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Japan’s land values continue to rise throughout 2023

Land values across Japan are rising at an increasing pace after suffering some declines during the pandemic. The rising prices are due to improving economic conditions, strong demand for apartments, and signs of a recovery in retail demand.  According to the latest quarterly LOOK report published by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), 97.5% of the surveyed locations saw positive growth in the 3rd quarter of 2023 - the highest share seen on record. No locations saw a drop in prices.Read more


Tokyo's luxury real estate market is even cheaper now

Luxury housing in Tokyo still remains the cheapest amongst the top global cities by a long shot, and it has only become cheaper as the year progresses.Read more


Office vacancy rate in Tokyo hits 33-month low

The office vacancy rate for existing buildings in central Tokyo’s five business districts reached a 33-month low in October. According to office brokerage Miki Shoji, the vacancy rate was 5.36%, down 0.71 points from last year and the 16th month in a row to record a year-on-year decrease.  During the month, around 4,000 tsubo (13,220 sqm or 142,000 sq.ft) of space was absorbed thanks to some large-scale leases.Read more