Japan’s skyrocketing hotel prices
A quickly recovering inbound tourism industry coupled with a labor shortage has caused hotel rates in some areas in Japan to far exceed pre-pandemic pricing.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
Akihabara high-rise project moving ahead despite opposition
A 170-meter tall mixed-use redevelopment may soon be going ahead for a multi-block site in Akihabara. To move forward with project planning, the required two-thirds approval was obtained from landowners last month.Read more
Properties we have sourced last month
This is a brief summary of some of the off-market properties we have sourced for clients over the past month. Supply remains thin, but we did unearth some good options.Read more
Historic Hilltop Hotel to close next year
On October 23, the operator of the historic Hilltop Hotel in Tokyo’s Chiyoda ward announced it will temporarily close from February 2024. The closure is to allow them to consider possible measures to deal wth the building’s age and deterioration.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