Share of Kinshicho office tower to sell for 18.5 billion Yen
Global One Real Estate Investment Corp. is selling its ownership share in the 22-story Arca Central office building in Kinshicho for 18.5 billion Yen (approx. US$124 million). The buyer has not been publicly disclosed.Read more
Rising construction costs delay redevelopment of Nakano Sunplaza
Redevelopment of the Nakano Sunplaza is likely to be delayed as rising construction have resulted in a blow out in estimated project costs.Read more
Nogizaka talent agency HQ sold to real estate company
Real estate giant HULIC has emerged as the buyer of the disgraced former Johnny & Associates (now Smile-Up) headquarters in Akasaka. The sale took place in June 2024 at an undisclosed price.Read more
Standard Land Prices increase 1.4% thanks to semiconductors and tourists
Standard Land Prices were announced on September 17, and a small town of just 36,000 residents in Kyushu topped the nationwide ranking for commercial land price growth with a 33.3% increase. There’s a simple reason - semiconductors.Read more
Central Tokyo's office vacancy rate drops to lowest level since Dec 2020
Central Tokyo’s office vacancy rate dropped to 4.76% in August, the lowest level seen since December 2020, according to brokerage Miki Shoji. For existing buildings, excluding new construction, the vacancy rate was 4.53%, down from 5.64% seen this time last year.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