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
Rental apartments in Tokyo see a drop in deposits but a rise in key money
Residential rental listings offering no deposit are on the rise across greater Tokyo, but those offering no key or gift money are becoming less common at certain price points.
Why would landlords be reducing deposits but increasing gift money?
It’s a combination of both market forces and maximizing total rental income for a landlord.Read more
Landlords slashing rents in Harumi Flag
Harumi Flag, the conversion of the Athlete’s Village on Tokyo Bay, is facing an oversupply issue as hundreds of investors and landlords put their units on the market at once. In May 2024, NHK reported that over 500 units had been put up for rent or resale by investors.
Delivery of the units to buyers began in January 2024. By May, almost 330 apartments were advertised for rent.Read more
Yokohama and Osaka see rapid rises in rents
While rent prices seem to be tapering off in Tokyo this year, two other Japanese cities have seen staggering rises over the past four months.Read more
Gap between studio and larger apartment rental market widens
There is a growing divide in the rental market between the small studio-type and larger family-type apartments in Japan’s major centers. Based on the latest data for the month of March, the gap is widening with larger rental apartments seeing double-digit y-o-y growth in some cities. But is this rental growth reflecting an actual increase in tenant budgets or are landlords just hiking up advertised rents? Let's take a look.Read more
Railway company embarks on first student accommodation project
With the coming relocation of a university campus and expectations of a rise in tenant demand, one railway company in west Japan has embarked on its first student housing project. The student rental building will be a 4-minute walk to the new campus and a 9-minute walk to Takamatsu Station.Read more