Tokyo skyscraper to have 1000kW solar panel facade

A 230-meter tall skyscraper in central Tokyo will be the first high-rise in the world to incorporate a large-scale perovskite solar cell (PSC).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

Omotesando low-rise rumored to sell for 25 billion Yen

Last week the Nikkei Real Estate Market Report announced that the rumored sale price of the Forest Hills retail and office building in Omotesando was 25 billion Yen (approx. US$165 million).Read more

A quick look at Harumi’s office market

Let’s take a look at Harumi’s office market as there are some noticeable vacancies this year.Read more

170m tall tower for north side of Iidabashi Station

Details of a 170-meter tall mixed-use project near Iidabashi Station have been announced. Construction of the Koraku 2 Chome South District Redevelopment is scheduled to start in 2026, with completion by 2030 ~ 2031.Read more

Commercial real estate volume reaches 2.3 trillion in first half of 2023

The total volume of real estate acquisitions made during the first half of 2023 reached 2.3 trillion Yen (approx. US$15.5 billion), according to the Japan Real Estate Institute, up 9.5% from the second half of 2022.Read more

Developer acquires Gaetano Pesce-designed building in Osaka

A landmark office building in Osaka has been sold to Kintetsu Real Estate in June. Organic Building was designed by Gaetano Pesce and built in 1993. The facade is comprised of various red planter panels, with the 80 varieties of plants kept alive with a computer-controlled watering system. Read more