Office vacancy rates improve in 4 out of 5 central Tokyo districts

Several relocations to larger office spaces and some building closures due to redevelopment saw central Tokyo’s office vacancy rate improve by 0.04 points in March to 6.37%.

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Tokyo Apartment Sales in March 2022

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of March 2022:

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New mixed-use apartment building for Shibuya 1-Chome Address

A 14-story, 74.8-meter tall mixed-use building is planned for the former Mitake Park near Shibuya Station. This project will include a public square, retail, a multi-purpose hall, the Mitake arena for sporting events, and 26 rental apartments designed to attract creative folk and families.

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Demolition of Nakagin Capsule Tower to start April 14

Demolition of the Nakagin Capsule Tower, a famed metabolist building, is scheduled to start on April 14, 2022, ending years of efforts to save the landmark structure.

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Construction starts on 150m tall office tower near Tameike Sanno

Sekisui House and Nippon Life Insurance Company have officially started construction on a 150-m tall office tower near Tameike Sanno Station.

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Private home converted into contemporary apartments 

A 31-year old private home in Takanawadai is currently undergoing a conversion into a 4-unit apartment building. Leading the project is cooperative house developer Archinet.

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Multi-block redevelopment for eastern side of Shibuya Station

On March 24, Tokyo Tatemono announced that a city planning decision had been made for the Shibuya 2 Chome Project. Nicknamed the Shibuya Regeneration Project, it spans three large blocks just east of Shibuya Station, with a total lot size of 2.9 hectares.

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