130-meter tall office & residential tower for Iidabashi
A 130-meter tall, 21-story mixed-use building is planned for part of a city block just south of Iidabashi Station. This project will be primarily office with the top four floors dedicated to apartments.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
18,000 m2 Toranomon office building sells for 860 million Yen
Nippon Building Fund (NBF) has sold a 61-year old office building in Toranomon back to its sponsor, Mitsui Fudosan, for just 860 million Yen (US$5.5 million). This may seem like a remarkably low price, considering the REIT paid 13.3 billion Yen for it in 2004, and there’s a good explanation.Read more
Raffles to open luxury hotel in Tokyo in 2028
On July 22, the World Trade Center Building, Kajima Corporation, Tokyo Monorail, and JR East announced that Raffles will be opening their first hotel in Japan in the World Trade Center Building redevelopment project.Read more
Mitsubishi vacating Yokohama office tower
Mitsubishi Heavy Industries is relocating its head office operations from Yokohama to central Tokyo, joining related companies in aggregating its operations in one central location.Read more