Luxury apartments and hotel planned for Yokohama high-rise
A high-rise tower containing luxury rental apartments and an internationally-branded hotel is set to open in Yokohama in 2027. On April 10, Sumitomo Realty & Development announced details of what’s planned to go in its 40-story mixed-use project located in the Kitanaka district near Bashamichi Station.Read more
Station access is make-or-break for one segment of Tokyo’s office market
Major corporate tenants in Tokyo are placing increasing priority on location as they seek convenience. Offices with better transport access are seeing vacancy rates fall, while those in slightly less convenient locations are continuing to see vacancy rates climb. The difference can be stark.
What’s causing this shift?Read more
Our 2024 Q1 Japan Real Estate Market Report
JREIT trades Tokyo office for multi-family
ORIX JREIT and Osaka Gas Urban Development are trading several properties between each other this month, including some multi-family at appraised cap rates in the low-to-mid 3% range.Read more
Tsukiji Fish Market redevelopment proposal announced last week
The proposed redevelopment plan for the old Tsukiji Fish Market site in Tokyo was announced last week by the Tokyo Metropolitan Government. Mitsui Fudosan has been selected to lead a group of 11 project participants.Read more
Semiconductor boom pushes rents and land values up by 30% in one Hokkaido City
Semiconductor factories are driving several localized property booms in otherwise quiet parts of Japan. One of those is in Chitose City, located about a 45-minute drive from Sapporo, where construction of the Rapidus factory is now underway.Read more
Tokyo's median apartment price is almost 30% lower than its average
You might recall some recent headlines about surging property prices in Tokyo. And while that maybe true, the numbers reported by most of the research companies tend to be averages rather than median pricing. Some of those headlines are also referring solely to the cost of brand-new condos, not properties on the resale market. Again, another number that is not representative of the market as a whole.Read more