Hokkaido village plans land purchase to block megasolar project near protected wetlands – JAPAN PROPERTY CENTRAL K.K.
A village near Kushiro, Hokkaido, is acquiring a 7.5 hectare land parcel adjoining the Kushiro Shitsugen National Park in an...
Real Estate
Modernist mountaintop hotel in Tateyama to close doors in 2026 – JAPAN PROPERTY CENTRAL K.K.
Hotel Tateyama, a modernist hotel sitting atop the snowy Tateyama mountain in Toyama Prefecture, will be closing its doors on...
US university to lease Tokyo property from co-living operator – JAPAN PROPERTY CENTRAL K.K.
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Lotte plans to 10x hotel operations in Japan – JAPAN PROPERTY CENTRAL K.K.
Lotte Holdings plans to expand its operations in Japan to 20 hotels and 4,500 rooms under management by 2034, leveraging...
JR to develop rental office building in Kyushu semiconductor hotspot – JAPAN PROPERTY CENTRAL K.K.
Kyushu Railway Company, aka JR Kyushu, is developing a 7-story rental office building near the JR Higo-Ozu Station in Ozu...
Land prices continue to increase across the board – JAPAN PROPERTY CENTRAL K.K.
Japan’s land prices increased for the sixth straight quarter, according to the latest LOOK Report published by the Ministry of...
Honda announces partial sale of Aoyama HQ – JAPAN PROPERTY CENTRAL K.K.
Honda Motor is transferring partial ownership of its Honda Aoyama Building to Mitsui Fudosan Residential, according to a press release...
Data center opens in abandoned school building – JAPAN PROPERTY CENTRAL K.K.
A Tokyo-based cloud service provider has opened a GPU data center inside a former elementary school building in Saga, Kyushu....
Group seeks temporary court injunction to stop demolition of brutalist gymnasium – JAPAN PROPERTY CENTRAL K.K.
On August 26, a group aiming to restore and revitalize the Kenzo Tange-designed Kagawa Prefectural Gymnasium in Takamatsu City announced...
Niseko land fraud claim puts town’s water supply at risk – JAPAN PROPERTY CENTRAL K.K.
The town of Niseko has found itself in a court battle after a former landowner claimed that a large parcel...
Next-gen logistics hub planned for former US Naval facility – JAPAN PROPERTY CENTRAL K.K.
Mitsubishi Estate, Tokyu Land, and CRE are jointly developing a 700,000 square meter next-generation logistics facility on a former U.S....
Apartment rents reach record high in Tokyo, decline elsewhere – JAPAN PROPERTY CENTRAL K.K.
The average asking rent of an apartment in Tokyo’s 23 wards reached a record high of 4,851 Yen per square...
Co-living property in Osaka 80% pre-leased before opening – JAPAN PROPERTY CENTRAL K.K.
Global Agents, the operator of ‘social apartments’ or co-living housing, opened its first property in Osaka City on August 9...
Mizuho launches fund targeting older buildings – JAPAN PROPERTY CENTRAL K.K.
Mizuho Financial Group announced the establishment of a new value-add fund to acquire aging buildings over 20 years old and...
Ukai completes sale of Hakone glass museum – JAPAN PROPERTY CENTRAL K.K.
On August 7, Ukai, the operator of fine-dining restaurants around the greater Tokyo area, announced the sale of the operating...
Japan Air Lines to open auberge-style hotels across Japan – JAPAN PROPERTY CENTRAL K.K.
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Development moving forward for Shirokane high-rise condo – JAPAN PROPERTY CENTRAL K.K.
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Yokohama hotel sold to storage operator – JAPAN PROPERTY CENTRAL K.K.
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Japan’s hotels struggle to keep up with surge in inbound tourism – JAPAN PROPERTY CENTRAL K.K.
Japan’s hotel industry continues to hit new strides as inbound tourism reaches new highs, but may be facing a supply...
Mitsui to double investment in data centers – JAPAN PROPERTY CENTRAL K.K.
Mitsui Fudosan has announced plans to invest an additional 300 billion Yen (US$2 billion) in data center development by 2035,...
Construction costs hit record high in Okinawa while nationwide starts hits 58-year low – JAPAN PROPERTY CENTRAL K.K.
Construction costs in Okinawa reached a record high of 298,900 Yen per square meter in 2024, the highest level since...
Japan’s tallest hybrid-timber tenant office building completed last month – JAPAN PROPERTY CENTRAL K.K.
On July 23, Dai-Ichi Life announced the completion of a timber and steel hybrid office building in Tokyo’s Kyobashi address. ...
Construction firm offers rent-to-own scheme for akiya homes – JAPAN PROPERTY CENTRAL K.K.
Rent an ‘akiya’ for ten years and it’s yours. That’s what one construction company in Miyagi Prefecture is offering under...
Tokyo apartment rents hit new high in June – JAPAN PROPERTY CENTRAL K.K.
Asking rents in Tokyo’s 23 wards reached 4,803 Yen per square meter in June, up 2.4% from the previous month...
JAL and Hulic to build Japan’s largest bonded warehouse near Narita Airport – JAPAN PROPERTY CENTRAL K.K.
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Five-year resale ban proposed to stop condo flipping in central Tokyo – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Chiyoda Ward is requesting that developers impose a 5-year resale ban on new condo sales in an effort to...
Anantara resort to open in Karuizawa – JAPAN PROPERTY CENTRAL K.K.
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Tensions rise over minpaku conversions – JAPAN PROPERTY CENTRAL K.K.
Short-term rental conversions are becoming a growing source of tension in Japan’s multi-family sector, with some landlords attempting to illegally...
REIT swaps resi assets with student housing operator – JAPAN PROPERTY CENTRAL K.K.
Tokaido REIT is swapping student housing and multi-family assets with a student housing operator, with the deals to take place...
Office vacancy rates shrink while Marunouchi’s rents reach record high – JAPAN PROPERTY CENTRAL K.K.
The office vacancy rate in central Tokyo’s five business districts reached a 57-month low, dropping to 3.56% in May, according...
Our 2025 Q2 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Rental hikes, inflationary pressures, and a recovering office market. It was a quarter of recovery for many sub-sectors of Japan’s...
Themepark operator acquires 1,000-ha resort operator in Izu – JAPAN PROPERTY CENTRAL K.K.
A theme park developer and operator has acquired Izu Kanko Kaihatsu Co., Ltd. from Tokyu Land Corporation in a share...
REIT disposes of R&D building at 18% loss – JAPAN PROPERTY CENTRAL K.K.
NTT UD REIT Investment Corporation sold its share of the Research & Development building in the Kanagawa Science Park at...
Japan nationwide ‘rosenka’ land values increase for 4th year in a row – JAPAN PROPERTY CENTRAL K.K.
The ‘rosenka’ or roadside land values across Japan increased by an average of 2.7% in 2025, expanding on a 2.3%...
Abandoned hotel in Shimoda to be demolished – JAPAN PROPERTY CENTRAL K.K.
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Build-to-rent developers going bathless in Japan? – JAPAN PROPERTY CENTRAL K.K.
There has been a long-held belief that apartments with full bath tubs are a lot easier to lease out than...
Multi-family value add project in Tokyo leads to 35% increase in rent – JAPAN PROPERTY CENTRAL K.K.
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Does Fukuoka’s luxury build-to-rent market have a limit? – JAPAN PROPERTY CENTRAL K.K.
Fukuoka’s city center is seeing an influx of high-end rental listings as landlords target increasingly affluent tenants. While the city’s...
Sagamihara City aiming to become the next data center hub – JAPAN PROPERTY CENTRAL K.K.
With electrical supply struggling to keep up with growing demand, Chiba’s Inzai City, also known as ‘Data Center Ginza’, may...
Landlord develops foreign student-only rental apartment building – JAPAN PROPERTY CENTRAL K.K.
Foreign students in Japan can often have a hard time finding rental housing due to discrimination and a leasing system...
Hakuba residents prefer curbs on land use to avoid becoming the second Niseko – JAPAN PROPERTY CENTRAL K.K.
A recent survey of 2,000 residents carried out by Hakuba Village found that approximately 60% of them believe there should...
J-REIT acquires Fukuoka hotel – JAPAN PROPERTY CENTRAL K.K.
The Nomura Real Estate Master Fund (NMF) is acquiring a 68-room hotel in Fukuoka for 3.8 billion Yen, or around...
Redevelopment plans announced for Grand Prince Hotel Shin Takanawa – JAPAN PROPERTY CENTRAL K.K.
On June 6, Seibu Real Estate released details on the redevelopment plans for the Grand Prince Hotel Shin Takanawa on ...
Daiwa adds three properties to condo-hotel line up – JAPAN PROPERTY CENTRAL K.K.
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Capsule hotel to open in Beppu Tower – JAPAN PROPERTY CENTRAL K.K.
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Luxury hotel coming to Koshu’s wine valley – JAPAN PROPERTY CENTRAL K.K.
Marriott International is planning to open a hotel in Koshu Valley, a famous wine region in Yamanashi Prefecture. Koshu City...
Meguro ward to relax building height limits – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Meguro ward is considering relaxing building height limits to encourage developers to build more energy-efficient housing. Typically, discussions over...
Rental housing options for older tenants more than doubles – JAPAN PROPERTY CENTRAL K.K.
The number of rental homes and apartments that welcome older tenants, defined as those over the age of 65, has...
More office buildings stuck with long-term vacancies – JAPAN PROPERTY CENTRAL K.K.
A research report by the Nikkei Shimbun newspaper has found a sharp increase in the number of large office buildings...
Nissan Motor may sell global HQ building in Yokohama – JAPAN PROPERTY CENTRAL K.K.
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Tokyo apartment rents see 6.8% y-o-y increase – JAPAN PROPERTY CENTRAL K.K.
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Nissan to close two plants in Kanagawa – JAPAN PROPERTY CENTRAL K.K.
By 2027, Nissan Motor is considering the closure of seven plants worldwide, two of which are located in Kanagawa Prefecture....
Hilton to open above Akasaka Station – JAPAN PROPERTY CENTRAL K.K.
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka...
Tokyo’s Koto ward to tighten rules on data center development – JAPAN PROPERTY CENTRAL K.K.
With growing demand for data center projects, driven largely by the expansion of cloud services and generative AI, and increasing...
Tokyo’s Chuo City to start buying up old akiya – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Chuo City has started a program to acquire land with old ‘akiya’ or vacant homes that are at risk...
Office rents increase in Tokyo’s Grade A and C buildings – JAPAN PROPERTY CENTRAL K.K.
Rents for Grade A office in central Tokyo have recovered to 2021 levels, according to Sanko Estate and the NLI...
Beppu hotels acquired by Tokyo based real estate companies – JAPAN PROPERTY CENTRAL K.K.
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Tokyo’s largest subway operator to launch hotel brand – JAPAN PROPERTY CENTRAL K.K.
Tokyo Metro, operator of Tokyo’s largest subway system, is launching its own hotel brand and operations utilizing land it owns...
Hoshino Resorts launches mountain hiking hotel brand – JAPAN PROPERTY CENTRAL K.K.
Hoshino Resorts, operator of a number of ryokan and hotels, has launched a new hotel brand centred around mountain resorts....
REIT sells multi-family for 133% gain on book value – JAPAN PROPERTY CENTRAL K.K.
A REIT has sold two multi-family buildings in Tokyo and Osaka for 4.01 billion Yen, 133% above book value and...
Hotel bookings up as Osaka expo approaches – JAPAN PROPERTY CENTRAL K.K.
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Hotel bookings up as Osaka expo approaches – JAPAN PROPERTY CENTRAL K.K.
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Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka – JAPAN PROPERTY CENTRAL K.K.
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%),...
Nagoya hotel sells for 7.7 billion Yen – JAPAN PROPERTY CENTRAL K.K.
One REIT acquired the trust beneficiary rights to the Comfort Inn Nagoya Sakae Ekimae hotel in March for 7.74 billion...
Shinagawa office sells for 5.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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250m tall tower to transform Yaesu’s office market – JAPAN PROPERTY CENTRAL K.K.
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station....
Foreign tourists now majority of hotel guests in Tokyo and Kyoto – JAPAN PROPERTY CENTRAL K.K.
Foreign tourists spent 41.5% more nights in hotels in 2024 compared to 2019, according to the Japan Tourism Agency. Total...
Hino sells off additional factory land for over 34 billion Yen – JAPAN PROPERTY CENTRAL K.K.
On February 28, Hino Motors announced the sale of a portion of its land holdings to a real estate developer....
Hotel owner looks to sell 205-room Okinawa property – JAPAN PROPERTY CENTRAL K.K.
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Japan’s land prices rise for four consecutive quarters – JAPAN PROPERTY CENTRAL K.K.
For the past four quarters, land prices rose across all surveyed locations in major cities, according to the latest quarterly...
Group wins bid for Minato Mirai sites in Yokohama – JAPAN PROPERTY CENTRAL K.K.
Yokohama City has selected a group to develop two adjoining land parcels in the Minato Mirai waterfront district. The group...
180m tall office tower completed in Toranomon – JAPAN PROPERTY CENTRAL K.K.
Construction of Toranomon Alcea Tower was officially completed on February 14, though tenant move-ins are expected to begin towards the...
REIT acquires minpaku building in Osaka – JAPAN PROPERTY CENTRAL K.K.
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Tokyo apartment rents increase 1.6% y-o-y – JAPAN PROPERTY CENTRAL K.K.
The average advertised rent of condo-type apartments in Tokyo’s 23 wards reached 4,332 Yen/m2 in January, according to Tokyo Kantei....
Malaysian developer backs out of Okinawa resort project – JAPAN PROPERTY CENTRAL K.K.
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Fukui opening up waterfront sites to bids from hotel developers – JAPAN PROPERTY CENTRAL K.K.
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ADR for Kyoto hotels hits record high in 2024 – JAPAN PROPERTY CENTRAL K.K.
Hotel occupancy rates in Kyoto may have yet to recover to 2019 levels, but ADRs have reached new highs. The...
1200-person staff accommodation to be built in Niseko – JAPAN PROPERTY CENTRAL K.K.
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Toyota acquires office building near Tokyo Tower – JAPAN PROPERTY CENTRAL K.K.
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ANA Crowne Plaza Osaka to close in October – JAPAN PROPERTY CENTRAL K.K.
ANA Crowne Plaza Osaka, an IHG Hotel, is closing its doors on October 15, coinciding with the end of the...
Hotelier buys historic ryokan in hot spring town – JAPAN PROPERTY CENTRAL K.K.
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Resort operator wins bid for Tomonoura island hotel – JAPAN PROPERTY CENTRAL K.K.
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Greater Tokyo’s population sees net increase for 29th year in a row – JAPAN PROPERTY CENTRAL K.K.
Greater Tokyo (Tokyo, Saitama, Chiba, and Kanagawa prefectures) saw a net inflow of 135,843 residents in 2024, up 7.4% from...
Mitsubishi opens Hmlet-branded co-living apartment building in Ikebukuro – JAPAN PROPERTY CENTRAL K.K.
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Zushi’s newest rental priced 40% higher than its competitors – JAPAN PROPERTY CENTRAL K.K.
Over the summer, a luxury rental apartment building along the coast in Zushi was completed. The 5-story, 27-unit building is...
REIT acquires Hilton Fukuoka Sea Hawk for 64 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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REIT sells 50% ownership of Shinagawa office tower – JAPAN PROPERTY CENTRAL K.K.
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Hotel in Nozawa Onsen takes heat for height – JAPAN PROPERTY CENTRAL K.K.
A high-rise hotel planned in the historic Nozawa Onsen village is causing a stir, according to a recent article in...
REIT acquires two Mimaru hotels – JAPAN PROPERTY CENTRAL K.K.
ORIX JREIT is acquiring two serviced-apartment style hotels in Osaka and Kyoto for 7.85 billion Yen (approx. US$50 million). The...
Foreign buyers account for 2% of real estate transactions near important military sites – JAPAN PROPERTY CENTRAL K.K.
On December 23, the Japanese government announced the results of an investigation into land and real estate purchases in the...
Hoshino REIT acquires KAI Poroto in Hokkaido – JAPAN PROPERTY CENTRAL K.K.
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Imperial Theatre redevelopment plans announced – JAPAN PROPERTY CENTRAL K.K.
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre...
Our 2024 Q4 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Record deals, record tourist numbers, and record hotel pricing. It was a record quarter for Japan’s real estate market. Our...
Hulic to redevelop former Mizuho Bank building in Omotesando – JAPAN PROPERTY CENTRAL K.K.
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Will new listing disclosure rules be enough to stamp out agent bad practices? – JAPAN PROPERTY CENTRAL K.K.
This year, the government is cracking down on the naughty and widespread practice whereby listing brokers will intentionally prevent buyer-side...
Office Holidays – JAPAN PROPERTY CENTRAL K.K.
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Ski resorts that won’t be operating this winter – JAPAN PROPERTY CENTRAL K.K.
Each year, a number of ski resorts across Japan cease operations. These closures are often due to shrinking visitor numbers,...
Gap remains between asking rents and tenant budgets in Tokyo – JAPAN PROPERTY CENTRAL K.K.
With inflation-adjusted real wages remaining stagnant in Japan, how have residential rents in major cites been faring? If you only...
Shirahama beachfront onsen to go up for sale in January – JAPAN PROPERTY CENTRAL K.K.
A town-owned onsen hotel in Wakayama Prefecture’s Shirahama district will go up for sale next month, with an appraised value...
Rents have doubled in this Hokkaido city – JAPAN PROPERTY CENTRAL K.K.
The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and...
Seto Island Sea chosen as location for Hilton’s second LXR hotel – JAPAN PROPERTY CENTRAL K.K.
Hilton is planning to open a luxury 60-room hotel on a waterfront site in Miyajima, Hiroshima, in 2028. Hirogin Holdings,...
Pullman Hotel announced for former Nakagin Capsule Tower site in Ginza – JAPAN PROPERTY CENTRAL K.K.
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30% of developers postponing building redevelopment projects, survey says – JAPAN PROPERTY CENTRAL K.K.
Amid rising material costs and a shortage of labour in the construction industry, over 30% of Build To Rent-type developers...
Central Tokyo’s office vacancy rate drops to 48-month low – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s office market continues to show signs of gradual recovery as vacancy rates improve and rents stabilize. While bayside submarkets...
Niseko ramping up for record-breaking ski season – JAPAN PROPERTY CENTRAL K.K.
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REIT sells 302-room Osaka hotel for 7.75 billion Yen – JAPAN PROPERTY CENTRAL K.K.
Ichigo Hotel REIT has sold a 302-room hotel in Osaka to an unnamed buyer for 7.75 billion Yen (US$50 million),...
Tokyo developer buys site near Furano ski slopes – JAPAN PROPERTY CENTRAL K.K.
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Over 50% of households in Tokyo will be single-occupants by 2050 – JAPAN PROPERTY CENTRAL K.K.
By 2050, the share of single-occupant households in Tokyo is expected to reach a record high of 54.1%, according to...
Construction giant enters data center business – JAPAN PROPERTY CENTRAL K.K.
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University acquires Hilltop Hotel – JAPAN PROPERTY CENTRAL K.K.
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Kyoto hotel revenues increase while domestic guest numbers decline – JAPAN PROPERTY CENTRAL K.K.
According to the Kyoto City Tourism Association, the average operating ratio across the 109 hotels surveyed was 76.7% in September....
Lingerie company pondering sale of Omotesando building – JAPAN PROPERTY CENTRAL K.K.
Lingerie company Wacoal Holdings is looking to offload its non-core real estate assets, as reported by the Nikkei Shimbun. And...
Luxury hot spring hotel to open on 13.5ha site in Hakone – JAPAN PROPERTY CENTRAL K.K.
Mitsui Fudosan and Mitsui Fudosan Resort Management are opening a luxury hot spring hotel on a 13.5 hectare site in...
Sapporo’s office vacancy rate is on the rise – JAPAN PROPERTY CENTRAL K.K.
The office vacancy rate in Sapporo’s business district has recently hit an eight-year high. According to Miki Shoji, the vacancy...
20% of ‘kyu-taishin’ wooden buildings collapsed in Noto Earthquake – JAPAN PROPERTY CENTRAL K.K.
Almost 20% of wooden buildings built to the old earthquake codes (pre-1981) were destroyed in the 2024 Noto Earthquake that...
Demolition to start on Shibuya 2 Chome multi-block project site – JAPAN PROPERTY CENTRAL K.K.
The Shibuya 2 Chome West District Redevelopment project will kick off in a few months. This project includes National Strategic...
Construction starts on senior-residence rental in Meguro – JAPAN PROPERTY CENTRAL K.K.
Last month, Nomura Real Estate Development and Nomura Real Estate Wellness started construction on a senior-housing rental apartment building in...
140m tall office tower planned for Kayabacho Station – JAPAN PROPERTY CENTRAL K.K.
Heiwa Real Estate, Mitsubishi Estate, and Chuo-Nittochi Group have announced plans for a 140-meter tall, 27-story office tower between Kayabacho...
Hakuba’s hotel shortage may hinder tourism potential – JAPAN PROPERTY CENTRAL K.K.
The rise in inbound tourism is outpacing Hakuba’s supply of hotels, leading to a shortage of beds this ski season....
REIT disposes of office buildings in Osaka and Tokyo – JAPAN PROPERTY CENTRAL K.K.
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Development Bank sets up minpaku fund – JAPAN PROPERTY CENTRAL K.K.
Some countries and international cities may be banning Airbnb-style accommodation in an attempt to alleviate a housing crisis, but not...
Sapporo skyscraper to shrink as project costs skyrocket – JAPAN PROPERTY CENTRAL K.K.
The Hokkaido Railway Company (aka JR Hokkaido) is revising its plans for a skyscraper in front of Sapporo Station. Rising...
Akasaka Garden City sells for 54.6 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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Share of Kinshicho office tower to sell for 18.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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Site near Hakuba ski slopes sells for 1.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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Our 2024 Q3 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Our Japan Real Estate Market Report for the third quarter of 2024 is now available for download. This report dives...
New station and town development plan for Kumamoto’s semiconductor district as rents and land values rise – JAPAN PROPERTY CENTRAL K.K.
JR Kyushu is planning to open a new station alongside the Hohi Line between Haramizu and Sanrigi Stations in 2027....
Nagoya hotel sells for 6.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
The Japan Prime Realty Investment Corporation J-REIT is acquiring a 153-room hotel on the eastern side of Nagoya Station. The...
Large, luxury apartments planned for Daikanyama – JAPAN PROPERTY CENTRAL K.K.
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GLP sells Nara logistics center – JAPAN PROPERTY CENTRAL K.K.
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Rising construction costs delay redevelopment of Nakano Sunplaza – JAPAN PROPERTY CENTRAL K.K.
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Nogizaka talent agency HQ sold to real estate company – JAPAN PROPERTY CENTRAL K.K.
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Marriott-branded hotel in Tottori delayed – JAPAN PROPERTY CENTRAL K.K.
At a city council meeting on September 17, Tottori City Mayor Yoshihiko Fukazawa announced a delay in the proposed development...
Sapporo’s rents on the rise – JAPAN PROPERTY CENTRAL K.K.
Sapporo City in Hokkaido is experiencing a rise in residential rental prices as the rapid increase in construction costs spreads...
Kawasaki shopping center sells for 4.8 billion Yen – JAPAN PROPERTY CENTRAL K.K.
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Standard Land Prices increase 1.4% thanks to semiconductors and tourists – JAPAN PROPERTY CENTRAL K.K.
Standard Land Prices were announced on September 17, and a small town of just 36,000 residents in Kyushu topped the...
Central Tokyo’s office vacancy rate drops to lowest level since Dec 2020 – JAPAN PROPERTY CENTRAL K.K.
Central Tokyo’s office vacancy rate dropped to 4.76% in August, the lowest level seen since December 2020, according to brokerage...
Another semiconductor plant for Kumamoto? – JAPAN PROPERTY CENTRAL K.K.
Kikuyo Town near Kumamoto, the center of Kyushu’s semiconductor manufacturing boom, is preparing a new industrial park across the street...
Denso sells 10ha former factory site in Nagoya – JAPAN PROPERTY CENTRAL K.K.
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Recent price trends in Tokyo’s apartment rental market – JAPAN PROPERTY CENTRAL K.K.
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New office building for Sapporo’s neon nightlife neighborhood – JAPAN PROPERTY CENTRAL K.K.
This November, Tokyu Land Corporation will open a 13-story tenant office building (pictured above) in Sapporo’s Susukino neighborhood, the biggest...
Fukuoka REIT acquires two assets in Kyushu – JAPAN PROPERTY CENTRAL K.K.
Fukuoka REIT, whose sponsors include the Kyushu Electric Power Company and Fukuoka Jisho, has acquired two assets in Kyushu in...
60 billion Yen luxury resort project for Okinawan island – JAPAN PROPERTY CENTRAL K.K.
Keihan Real Estate, a subsidiary of rail-related Keihan Group, along with several other companies, is planning a 60 billion Yen...
44-yr old Osaka office building sells for over 30 billion Yen – JAPAN PROPERTY CENTRAL K.K.
Kanden Realty & Development, a subsidiary of the Kansai Electric Power Company, has paid over 30 billion Yen (US$208 million)...
Occupancy, Yields, and Rents for Tokyo’s multifamily market – JAPAN PROPERTY CENTRAL K.K.
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly...
Confectioner acquires winery in Koshu Valley wine country – JAPAN PROPERTY CENTRAL K.K.
Châteraisé, a confectioner based in Yamanashi Prefecture, has acquired the Grande Polaire Katsunuma Winery from Sapporo Beer for an undisclosed...
130-meter tall office & residential tower for Iidabashi – JAPAN PROPERTY CENTRAL K.K.
A 130-meter tall, 21-story mixed-use building is planned for part of a city block just south of Iidabashi Station. This...
Inzai City’s data center boom boosts tax revenues and land values – JAPAN PROPERTY CENTRAL K.K.
Inzai City in Chiba is experiencing a data center rush and a doubling in city tax revenues as major operators...
Miyagi golf course sale draws opposition and potential criminal complaint – JAPAN PROPERTY CENTRAL K.K.
Plans to convert a golf course in Kami Town, Miyagi Prefecture, into a mega solar farm have drawn opposition and...
Just how unpopular are fixed-term leases? – JAPAN PROPERTY CENTRAL K.K.
If you are investing in multifamily assets in Japan, you’re probably thinking about the potential to raise rents in the...
Offshore buyers acquire 134ha of forest in 2023 – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Pandemic-Era Insights by Building Size – JAPAN PROPERTY CENTRAL K.K.
Office rental data published by Sanko Estate illustrates how different sized buildings fared during the pandemic. Given the overwhelming number...
Foreigners acquire 90ha of farmland in Japan in 2023 – JAPAN PROPERTY CENTRAL K.K.
Foreigners and potentially foreign-directed domestic companies acquired 90.6 hectares of farmland in Japan last year, according to the Ministry of...
Luxury rental apartment project near Canal City paused – JAPAN PROPERTY CENTRAL K.K.
Plans for a luxury mixed-use development next-door to Fukuoka’s Canal City might be put on hold due to a labor...
REIT acquires student housing in Tokyo – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Free rent on the rise in the office leasing sector – JAPAN PROPERTY CENTRAL K.K.
Although office vacancy rates in Tokyo have been shrinking and rents appear to be recovering from a recent low, incentives,...
Kitakyushu next in line for semiconductor boom? – JAPAN PROPERTY CENTRAL K.K.
Kyushu may have a new hotspot, with Taiwan-based Advanced Semiconductor Engineering, Inc. (ASE) signing a provisional purchase agreement on land...
18,000 m2 Toranomon office building sells for 860 million Yen – JAPAN PROPERTY CENTRAL K.K.
Nippon Building Fund (NBF) has sold a 61-year old office building in Toranomon back to its sponsor, Mitsui Fudosan, for...
Once-bankrupt resort hotel finds Hong Kong buyer – JAPAN PROPERTY CENTRAL K.K.
A Hong Kong-based tech and investment firm has acquired the Awashima Hotel in Shizuoka. This resort hotel is located on...
Is Japan’s high-speed Shinkansen rail a solution to 2024 logistics problem? – JAPAN PROPERTY CENTRAL K.K.
The Shinkansen bullet train was developed as passenger transport, but in recent years there have been trials to use this...
Housing starts plummet near Kumamoto’s semiconductor plants despite strong demand – JAPAN PROPERTY CENTRAL K.K.
Despite the excitement surrounding the new semiconductor plants in Kumamoto, new housing starts in Kikuyo and Ōzu towns have dropped...
Raffles to open luxury hotel in Tokyo in 2028 – JAPAN PROPERTY CENTRAL K.K.
On July 22, the World Trade Center Building, Kajima Corporation, Tokyo Monorail, and JR East announced that Raffles will be...
Sharp to repurpose LCD factories for AI and semiconductor-related use – JAPAN PROPERTY CENTRAL K.K.
It might have seemed like the end of the line for Sharp’s LCD factories, as strong offshore competition saw the...
Mitsubishi vacating Yokohama office tower – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Rental apartments in Tokyo see a drop in deposits but a rise in key money – JAPAN PROPERTY CENTRAL K.K.
Residential rental listings offering no deposit are on the rise across greater Tokyo, but those offering no key or gift...
Locals oppose luxury hotel plan for Miyajima, Hiroshima – JAPAN PROPERTY CENTRAL K.K.
Residents of Hiroshima's Miyajima island are vehemently opposed to government plans for a luxury hotel. The proposed hotel site is...
Our 2024 Q2 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Our Japan Real Estate Market Report for the second quarter of 2024 is now available for download. This report dives...
Buying a shrine or a temple? There’s a broker for that – JAPAN PROPERTY CENTRAL K.K.
A news program recently ran a segment on how temples and shrines are being sold off, typically due to not...
Fosun selling Hokkaido ski resort – JAPAN PROPERTY CENTRAL K.K.
Fosun International is selling Hoshino Resort Tomamu for approximately 40.8 billion Yen (US$252 million). Development of the 5,000 hectare mountain...
Japan’s land values increase at an expanding pace in 2024 – JAPAN PROPERTY CENTRAL K.K.
On July 1, the National Tax Agency published the annual ‘rosenka’ land tax values, with the nationwide average rising for...
Landlords slashing rents in Harumi Flag – JAPAN PROPERTY CENTRAL K.K.
Harumi Flag, the conversion of the Athlete’s Village on Tokyo Bay, is facing an oversupply issue as hundreds of investors...
Hong Kong fund backs out of historic hotel project in Kitakyushu – JAPAN PROPERTY CENTRAL K.K.
A Hong Kong fund has pulled out of a historic hotel conversion project in Kitakyushu’s Mojiko district due to fundraising...
Two floors in Roppongi Hills sold to small-lot real estate fund – JAPAN PROPERTY CENTRAL K.K.
Small-lot real estate fund creator and operator, Financial Partners Group (FPG), has acquired the 18th and 21st floors in Roppongi...
Recent reported commercial transactions in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Let’s take a look at some recently reported sales on commercial buildings, including multi-family, office and retail. It’s important to...
Yokohama and Osaka see rapid rises in rents – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Famous land swindles in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Next month, Netflix is coming out with a fictional series based on 'jimenshi' (地面師), or real estate fraudsters, called Tokyo...
Kumamoto Prefecture lists 18ha of land for 1/38th of its original purchase price – JAPAN PROPERTY CENTRAL K.K.
An 18-hectare parcel of undeveloped forest in Kumamoto Prefecture that once had a lofty goal of being a silicon valley-type...
The hype around Fukuoka – JAPAN PROPERTY CENTRAL K.K.
Lately, Fukuoka seems to be a popular topic for foreign institutional investors. We have had several conversations with inbound investors...
Kudan-Minami office building traded for 3rd time in 3 years – JAPAN PROPERTY CENTRAL K.K.
A 10-story office building across from Yasukuni Shrine in Tokyo’s Chiyoda ward has changed hands for the third time in...
Listed companies sold 568 billion Yen of real estate in 2023 – JAPAN PROPERTY CENTRAL K.K.
Of the 3,836 companies listed on the Tokyo Stock Exchange, 94 reported the sale of real estate holdings in 2023....
10,000 sqm property to sell for 2 Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Ace Hotel coming to Fukuoka – JAPAN PROPERTY CENTRAL K.K.
After opening its first Asian location in Kyoto in 2020, Fukuoka has been selected as Ace Hotel’s second location. The...
City worries about preservation as heritage-listed imperial residence in Kyoto is sold to developer – JAPAN PROPERTY CENTRAL K.K.
Kyoto City was in discussions with the owner of a nationally registered Tangible Cultural Property after learning of plans to...
Seibu to sell off all assets by 2026, starting with Kioicho skyscraper – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Department Store plans 500 billion Yen redevelopment – JAPAN PROPERTY CENTRAL K.K.
Isetan Mitsukoshi Holdings is planning to invest 500 billion Yen (approx. US$3.2 billion) in a large-scale redevelopment project in the...
Developer acquires Omotesando site – JAPAN PROPERTY CENTRAL K.K.
A domestic developer acquired a 450 m2 development site in Omotesando in February. The property was sold off-market and the...
Condos canned as hotel set to stay on – JAPAN PROPERTY CENTRAL K.K.
There has been an abrupt change in plans for a hotel in Tachikawa, Tokyo. News of its closure and proposed...
An overview of Ginza’s real estate market for May 2024 – JAPAN PROPERTY CENTRAL K.K.
Ginza is perhaps the most famous retail destination in Japan. It’s also the most expensive in terms of rent and...
Fortress to buy operator of Seagaia resort – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Shinjuku Golden-Gai foreclosure attracts 100 bidders – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Gap between studio and larger apartment rental market widens – JAPAN PROPERTY CENTRAL K.K.
There is a growing divide in the rental market between the small studio-type and larger family-type apartments in Japan’s major...
Japan’s shrinking hotel sizes – JAPAN PROPERTY CENTRAL K.K.
Hotel construction may have resumed to a normal pace post-pandemic, but the average floor size per building is shrinking rapidly....
Inbound tourism recovery bolsters hotel occupancy and room rates – JAPAN PROPERTY CENTRAL K.K.
With Japan's inbound tourism market now starting to exceed pre-pandemic levels, conditions are looking positive for hotel operators. A recent...
Railway company embarks on first student accommodation project – JAPAN PROPERTY CENTRAL K.K.
With the coming relocation of a university campus and expectations of a rise in tenant demand, one railway company in...
Single-occupant households to increase by 2.15 million over next 30 years – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion...
Business confidence returns to hotel operators as travel spending exceeds pre-pandemic level – JAPAN PROPERTY CENTRAL K.K.
Domestic travel spending by Japanese travellers saw a 14.8% increase in 2023 compared to the pre-pandemic level in 2019. According...
Japan now has 9 million empty homes, but not all are ‘akiya’ – JAPAN PROPERTY CENTRAL K.K.
Japan has 9 million empty homes, according to the latest House and Land Statistical Survey published by the Ministry of...
Luxury apartments and hotel planned for Yokohama high-rise – JAPAN PROPERTY CENTRAL K.K.
A high-rise tower containing luxury rental apartments and an internationally-branded hotel is set to open in Yokohama in 2027. On...
Station access is make-or-break for one segment of Tokyo’s office market – JAPAN PROPERTY CENTRAL K.K.
Major corporate tenants in Tokyo are placing increasing priority on location as they seek convenience. Offices with better transport access...
Our 2024 Q1 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
With growing interest in Japan’s commercial real estate market, we have decided to publish real estate market reports on a...
