REIT sells 50% ownership of Shinagawa office tower

Global One Real Estate Investment Corp has sold its 50% stake in an office tower in Shinagawa to an undisclosed buyer as vacancies rise.Read more


Imperial Theatre redevelopment plans announced

Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a 155-meter tall, 29-story mixed-use tower. This is a joint venture between Mitsubishi Estate, Toho Co., and the Idemitsu Museum of Arts foundation.Read more


Our 2024 Q4 Japan Real Estate Market Report

Record deals, record tourist numbers, and record hotel pricing. It was a record quarter for Japan’s real estate market. Our Japan Real Estate Market Report for the fourth quarter of 2024 is now available for download.

Subscribers can download our Q4 report below.Read more


Hulic to redevelop former Mizuho Bank building in Omotesando

Real estate giant Hulic is in the process of demolishing the Hulic Aoyama Building above Omotesando Station. The 9-story office building once housed a Mizuho Bank branch on the lower floors.Read more


Rents have doubled in this Hokkaido city

The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and land prices doubling and vacancy rates plummeting.Read more


30% of developers postponing building redevelopment projects, survey says

Amid rising material costs and a shortage of labour in the construction industry, over 30% of Build To Rent-type developers are reportedly delaying or revising redevelopment plans for older buildings. This finding comes from a report published by the Development Bank of Japan (DBJ) on November 29.Read more


Central Tokyo's office vacancy rate drops to 48-month low

Tokyo’s office market continues to show signs of gradual recovery as vacancy rates improve and rents stabilize. While bayside submarkets continue to struggle with high vacancy rates, the central business areas have seen vacancy rates contract to a 48-month low.Read more