Tokyo's office vacancy rate hits 12-month low

Tokyo’s office vacancy rate saw a slight improvement in February, dropping by 0.11 percentage points to 6.15%, according to office brokerage Miki Shoji.

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Tokyo Apartment Sales in February 2023

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of February 2023:

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Fewer foreclosures in first half of 2022

Land (not including the house) in Akasaka that sold at auction for 319% more than the court valuation.

The number of real estate foreclosure auctions held by the Tokyo District Court in the first half of 2022 was just 365, down from 407 in the same period in 2021.

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Luxury condo goes on sale in Sanbancho

Sales in The Parkhouse Gran Sanbancho 26, the latest luxury condo for Chiyoda’s Bancho neighborhood, kicked off last week. This is the 8th project under Mitsubishi Jisho Residence’s ‘The Parkhouse Gran’ series of high-end apartment offerings.

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Kazumasa Yamashita-designed apartment building in Tokyo


Gross yield: 1.55%

Land & Building  | Building size: 601.72 sqm (6,475 sq.ft)
Kitashinagawa, Shinagawa-ku, Tokyo

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Japan’s high-rise apartment market from 2022 onwards

The latest report from the Real Estate Economic Institute has estimated that a total of 112,000 apartments in high-rise towers are currently in the pipeline to be built across Japan from 2022 onwards. This is an increase of 17,000 units from last year’s report.

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Tokyo Apartment Sales in April 2022

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

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A brief background of land ownership in Tokyo

Tokyo has origins of inhabitation dating back to 3000 BC. In fact, the Yoyogi-Hachiman Shrine just west of Yoyogi Park in Shibuya has traces of a historic settlement from the middle Jomon period (2500~1500 BC).

By 1800, this was the largest city in the world with a population of over 1 million. The city’s growth and frequent rebuilding over the years, especially during the 20th century, helps to explain why Tokyo is the way it is and how it differs from other international metropolises.

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New apartment price in Tokyo hits 31-year high

The average price of a brand-new apartment across greater Tokyo has now exceeded a bubble-era high.

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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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