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Quick real estate news summary for the week

Posted on January 15, 2021

Barneys closes Shinjuku store, ‘Himeji’s Trump’ real estate holdings hit with provisional administration order, and developer sells luxury rental apartment building in Tokyo. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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1 in 4 Tokyo office tenants looking to move

Posted on December 30, 2020

According to a survey by MORI Building of companies with headquarters in Tokyo’s 23 wards, 24% of them have plans to lease new office space. This is a 3 point decrease from the previous survey conducted last year.

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Avex sells HQ building for 70 billion Yen

Posted on December 28, 2020

According to the Nikkei Shimbun, music and entertainment production company Avex is selling their headquarter building in Omotesando for an estimated 70 billion Yen (approx. US$675 million). 

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Quick real estate news summary for the week

Posted on December 25, 2020

New apartment supply to increase 31% next year, US$7 billion bet that Japan’s telework trend is short-lived, Nuveen and Kenedix acquire more apartment buildings in Tokyo, and 6% of Osaka’s restaurants shut admist pandemic. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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Quick real estate news summary for the week

Posted on December 18, 2020

Tokyo’s office vacancy rate hits 4%, cash bonus for anyone who moves near the Fukushima nuclear plant, and apartment rents drop in Tokyo and Yokohama. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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1930s building in Shimbashi to be converted into share offices

Posted on December 16, 2020

An 88-year old heritage-listed building in Shimbashi is being converted by construction giant Takenaka Corporation into a share office for start-ups.

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Tokyo tops worldwide commercial real estate sales

Posted on December 10, 2020

According to JLL, Tokyo attracted US$19.3 billion (approx. 2 trillion Yen) in commercial real estate investment between January and September 2020, putting it at the top of the international city rankings. In 2019 it was ranked 4th, losing out to Seoul, Paris and New York.

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Telework trend delays Nagoya’s 400-meter long office project

Posted on November 24, 2020

Nagoya Railroad, aka Meitetsu, has delayed the construction of a 400-meter long office tower for the Nagoya Station area citing high construction costs and a change in tenant demand as a result of the coronavirus pandemic.

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Quick real estate news summary for the week

Posted on November 20, 2020

Tokyo’s office vacancy rate worsens for 8th month, owner-build house starts hit 55-year low, and Aichi’s population shrinks for first time since 1956. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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Construction starts on Toranomon’s latest office tower

Posted on November 19, 2020

Construction has started on a 180-meter tall office tower in Tokyo’s Toranomon district. The Toranomon 2 Chome District Redevelopment project is located on the same block as the 90-meter tall Toranomon Hospital and the recently-sold 170-meter tall JT Building.

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Welcome to our company blog, where we provide commentary, news articles, market reports and other useful tips and opinions to keep you informed about Japan’s real estate market.

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