Sapporo’s rents on the rise
Sapporo City in Hokkaido is experiencing a rise in residential rental prices as the rapid increase in construction costs spreads to consumers. A larger supply of newer, high-end apartments has also contributed to the rise. Real estate portal site, AtHome, reported that average advertised rent for family-type apartments has reached the highest level since reporting began in 2015.Read more
Recent price trends in Tokyo's apartment rental market
Several reports on Tokyo’s apartment rental market were released over the past few weeks, highlighting some recent trends based on apartment type and size.Read more
Occupancy, Yields, and Rents for Tokyo’s multifamily market
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly 1,000 units listed for sale across the city's 23 wards as of August 2024. This gives us a snapshot of occupancy rates, yields, and rents. Based on this sample, the median gross* yield is 4.09%.Read more
Just how unpopular are fixed-term leases?
If you are investing in multifamily assets in Japan, you’re probably thinking about the potential to raise rents in the near future. But, Japanese tenancy laws do not allow unilateral rental increases for standard, renewable leases. There is the option of fixed-term leases, but how popular are they?Read more
Tokyo Office Rentals: Pandemic-Era Insights by Building Size
Office rental data published by Sanko Estate illustrates how different sized buildings fared during the pandemic. Given the overwhelming number of small and medium sized companies in Tokyo, this can impact the sub-sectors of the office market in different ways.Read more
REIT acquires student housing in Tokyo
A J-REIT is acquiring the trust beneficiary rights to a 182-unit purpose-built student accommodation asset in Tokyo from its sponsor at a cap rate of 4.07%.Read more
Free rent on the rise in the office leasing sector
Although office vacancy rates in Tokyo have been shrinking and rents appear to be recovering from a recent low, incentives, such as free rental periods, are on the rise. This might indicate some continued softness in the office market sector.Read more