Rental housing options for older tenants more than doubles
The number of rental homes and apartments that welcome older tenants, defined as those over the age of 65, has doubled over the past few years as landlords start to recognize the social responsibility of supporting this demographic.Read more
Tokyo apartment rents see 6.8% y-o-y increase
The average advertised rent on an apartment in Tokyo’s 23 wards reached a new record high in April, spurred on by the supply of a number of luxury condos in the city centre.Read more
Tokyo’s Koto ward to tighten rules on data center development
With growing demand for data center projects, driven largely by the expansion of cloud services and generative AI, and increasing tensions with local residents, Tokyo’s Koto ward has issued new guidelines on data center development.Read more
Tokyo's largest subway operator to launch hotel brand
Tokyo Metro, operator of Tokyo’s largest subway system, is launching its own hotel brand and operations utilizing land it owns around major train stations and acquiring new sites, according to its mid-term business plan for 2025 to 2027.Read more
Tokyo's Chuo City to start buying up old akiya
Tokyo’s Chuo City has started a program to acquire land with old ‘akiya’ or vacant homes that are at risk of collapsing or spreading fire in the event of a disaster. This is in response to the devastating fires that broke out in a densely packed neighborhood of wooden houses in Noto’s Wajima market following an earthquake on January 1, 2024.Read more
Hilton to open above Akasaka Station
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka 2•6 Chome District Redevelopment above Akasaka Station. This will be the first Canopy by Hilton property to open in the Kanto area and the third in Japan.Read more
Rental growth in Tokyo reaches 30-year high
Tokyo’s rental growth reached a 30-year high in March, with the Consumer Price Index (CPI) for privately-rented housing showing a 1.1% year-on-year increase. This is the highest percentage increase since October 1994. Nationwide, average rents increased by 0.4%, marking the 20th consecutive month of annual growth.Read more