JREIT trades Tokyo office for multi-family – 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...
Real Estate
Tsukiji Fish Market redevelopment proposal announced last week – 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...
Semiconductor boom pushes rents and land values up by 30% in one Hokkaido City – JAPAN PROPERTY CENTRAL K.K.
Semiconductor factories are driving several localized property booms in otherwise quiet parts of Japan. One of those is in Chitose...
Tokyo’s median apartment price is almost 30% lower than its average – JAPAN PROPERTY CENTRAL K.K.
You might recall some recent headlines about surging property prices in Tokyo. And while that maybe true, the numbers reported...
Shibuya office building sells for 25 billion Yen – JAPAN PROPERTY CENTRAL K.K.
JR East Building Co., the real estate division of East Japan Railway, acquired the Shibuya Prime Plaza office building in...
Recent changes to property registration law and the impact on foreign buyers – JAPAN PROPERTY CENTRAL K.K.
Starting April 1, some major rule changes were made to the Real Property Registration Act that affect how foreign individuals...
Developer aims to fill gap in group-stay and long-term hotel market – JAPAN PROPERTY CENTRAL K.K.
Just 4% of the hotels in Japan’s major cities have rooms that can accommodate three or more guests. Meanwhile, approximately...
Modernist hall in Okayama to be demolished – JAPAN PROPERTY CENTRAL K.K.
The modernist Okayama Civic Hall in Okayama City closed its doors at the end of last month as the city...
Hiramatsu hotel portfolio sold to fund – JAPAN PROPERTY CENTRAL K.K.
On March 27, LoadStar Capital announced the formation of a special purpose company to acquire six luxury hotels from restaurant...
What You Should Know About Belize Land For Sale
About Belize Land For Sale The purchase of Belize land for sale is an exciting prospect for many who wish...
Market overview of a Shinjuku multi-family building for sale – JAPAN PROPERTY CENTRAL K.K.
Let’s do a bit of a dive into a multi-family property listed for sale in central Tokyo recently. Background This...
Off-market properties sourced in Q1 – JAPAN PROPERTY CENTRAL K.K.
It has taken many, many meetings, but we have managed to source over ¥80 billion (US$530 million) in off-market listings...
Japan’s land values reach highest level since 1991 – JAPAN PROPERTY CENTRAL K.K.
Annual land values were announced on Tuesday and the return-to-work trend, recovery in inbound tourism, and a dispersal of attention...
Japan’s lawyer-only office buildings – JAPAN PROPERTY CENTRAL K.K.
Ever heard of a lawyers building (弁護士ビル) ? As the name suggests, they’re designed almost exclusively for law offices. Why...
REIT sells Shinagawa office at loss as vacancy rate jumps to 50% – JAPAN PROPERTY CENTRAL K.K.
A J-REIT has sold a large office building in Shinagawa at a 12% loss to an unnamed buyer. The sale...
Chiyoda office vacancy rate reaches 39-month low – JAPAN PROPERTY CENTRAL K.K.
In February, the office vacancy rate in the Chiyoda business district in Tokyo reached the lowest level in 39 months....
A brief market rundown for a multi-family building in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Here’s a summary of a market analysis on a multi-family apartment building for sale in Tokyo. Transport-wise, it’s an area...
How do we source sale listings? – JAPAN PROPERTY CENTRAL K.K.
Mostly through a professional network that we have carefully maintained and grown over the past 15 years. Almost all listings...
Slim pickings for large apartments in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Small housing options continue to dominate Tokyo’s rental supply, while larger ones remain a rare find. In the 23 wards,...
Omotesando office building sells at 3% cap rate – JAPAN PROPERTY CENTRAL K.K.
A recently-built office building in Omotesando has been acquired by a J-REIT at an assumed cap rate of 3.0%. Japan...
Osaka’s most expensive apartment sold during first round of sales – JAPAN PROPERTY CENTRAL K.K.
Osaka’s most expensive apartment building went on sale on February 19, with 2,523 applications made on the 146 apartments offered...
Toranomon Hills Business Tower floor sells for 8.4 billion Yen – JAPAN PROPERTY CENTRAL K.K.
United Urban Investment Corporation, a J-REIT, has paid 8.435 billion Yen (approx. US$56 million) for the 8th floor in Toranomon...
Rents fors larger apartments reach record high in January – JAPAN PROPERTY CENTRAL K.K.
Advertised apartment rents in Tokyo have been on a noticeable increase since around mid-2022, but it’s the larger apartments that have...
Thinking of converting multi-family to short-term furnished rentals? – JAPAN PROPERTY CENTRAL K.K.
With cap rates on some multi-family buildings in Tokyo now in the 3% range, furnished or short-term say rentals in...
Domestic REIT acquires multi-family portfolio at 3.7% cap rate – JAPAN PROPERTY CENTRAL K.K.
Japan Metropolitan Fund Investment Corporation (JMF) is acquiring the trust beneficiary rights to four rental apartment buildings in Tokyo for...
Harumi’s office market woes continue – JAPAN PROPERTY CENTRAL K.K.
News broadcaster NHK has now picked up on the struggling office market conditions around Tokyo Bay, particularly Harumi island. Of...
Ebisu apartment rental offers Tesla car sharing – JAPAN PROPERTY CENTRAL K.K.
Landlords continue to get creative with their rental properties with one in Ebisu offering a Tesla car share for residents....
Office vacancy rates in Tokyo shrink for 8th month in a row – JAPAN PROPERTY CENTRAL K.K.
The average vacancy rate for existing office buildings in Tokyo’s central five districts has seen a month-to-month decrease for the...
Nozawa Onsen’s housing shortage – JAPAN PROPERTY CENTRAL K.K.
A shortage of housing in Nozawa Onsen is creating headaches for new residents. The bustling hot spring and ski resort...
Roppongi site sells for 63.4 billion Yen – JAPAN PROPERTY CENTRAL K.K.
On February 16, Bridgestone reported the sale of a company housing compound in Roppongi to an unnamed buyer for a...
Omotesando retail to sell for 5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This retail building in Omotesando is selling for 5 billion Yen. A-FLAG Kotto-dori is being sold by the Activia Properties...
Vacant office building in Tokyo sells for 30% premium – JAPAN PROPERTY CENTRAL K.K.
A 13-story office building in Takanawa, Tokyo, has just been flipped for a 7 billion Yen gross gain over the...
Greater Tokyo sees net inflow of 126,000 residents in 2023 – JAPAN PROPERTY CENTRAL K.K.
Greater Tokyo, which includes Tokyo, Kanagawa, Saitama and Chiba Prefectures, recorded a net inflow of 126,515 residents in 2023, a...
Platinum Avenue office sells for 8 billion Yen – JAPAN PROPERTY CENTRAL K.K.
Last month, Orix JREIT signed an agreement to sell this office building alongside Platinum Avenue in Shirokane for ¥8.78 billion....
Almost 80% of young renters want an apartment building less than 20 yrs old – JAPAN PROPERTY CENTRAL K.K.
AtHome conducted a nationwide survey of renters in their 20s to find out what they’re looking for when renting an...
Japan’s hotel rates reach record high in December – JAPAN PROPERTY CENTRAL K.K.
Last December, the average room rate for a hotel in Japan was 21,102 Yen, up 8.2% from November and the...
Hotel acquisition targets semiconductor factory staff – JAPAN PROPERTY CENTRAL K.K.
Kyoritsu Maintenance, an operator of hotels, aged-care, and student accommodations, is planning to acquire a 68-room resort hotel from Minamiaso...
Apartment rents in Tokyo reach record high in 2023 – JAPAN PROPERTY CENTRAL K.K.
Renewed population growth in Tokyo has resulted in rents in the 23 wards increasing by 8.0% to a record high...
Properties we have sourced this month – JAPAN PROPERTY CENTRAL K.K.
The following is a list of some of the off-market listings we have dug up this month. A mid-sized office...
Back-to-work trend sees increase in fees for rental meeting rooms – JAPAN PROPERTY CENTRAL K.K.
Those rental meeting rooms that you see dotted around central Tokyo are starting to increase their fees as workers return...
Domestic developer making moves in condo-hotel market – JAPAN PROPERTY CENTRAL K.K.
Daiwa House Industry plans to enter Japan’s relatively untapped hotel-condo market by 2026, according to the Nikkei Shimbun newspaper. The...
Google-related company to buy land in Wakayama – JAPAN PROPERTY CENTRAL K.K.
Wakayama City is expected to soon sell a long-idle site in an industrial park to Google-related company, Asa GK, with...
Okinawa hotel sells for 64 million Yen per key – JAPAN PROPERTY CENTRAL K.K.
KDX Realty Investment Corporation is acquiring the trust beneficiary rights to the 340-room Okinawa Prince Hotel Ocean View Ginowan for...
Only Tokyo will have a higher population in 2050 – JAPAN PROPERTY CENTRAL K.K.
Out of Japan’s 47 prefectures, Tokyo will be the only one to see a population that is higher in 2050...
Tokyo office rents increase for first time in 3.5 years – JAPAN PROPERTY CENTRAL K.K.
In December, office rents in central Tokyo saw the first month-on-month increase in 3.5 years. According to brokerage Miki Shoji,...
A quick look at Japan’s apartment prices over the past 50 years – JAPAN PROPERTY CENTRAL K.K.
The Real Estate Economic Institute published a recent report looking back at Japan’s condominium-type apartment market over the past 50...
Our Japan Property Market Report for 2023 – JAPAN PROPERTY CENTRAL K.K.
In 2023, Japan’s property market continued to see high demand thanks to some of the lowest interest rates in the...
Land transactions in Tokyo increase in 2022 – JAPAN PROPERTY CENTRAL K.K.
Even though 2023 is drawing to a close, some market data takes a long time to be released. On November...
Why did this apartment building in Shinagawa sell at a low price? – JAPAN PROPERTY CENTRAL K.K.
Last month, a J-REIT announced the sale of a 120-unit multi-family building near Shinagawa for 2.9 billion Yen (approx. US$19.8...
Here’s where apartment rents are increasing the most across Japan – JAPAN PROPERTY CENTRAL K.K.
Rents for more spacious ‘family-type’ apartments in Japan’s major cities reached record highs in October, according to a report released...
Asakusa hotel on leasehold land sells at 65 million Yen per key – JAPAN PROPERTY CENTRAL K.K.
Despite being on leasehold land, this recently-built hotel in Asakusa sold last week for 65.5 million Yen per key (approx....
Tokyo skyscraper to have 1000kW solar panel facade – JAPAN PROPERTY CENTRAL K.K.
A 230-meter tall skyscraper in central Tokyo will be the first high-rise in the world to incorporate a large-scale perovskite...
Historic Gakushi Kaikan to be partially demolished – JAPAN PROPERTY CENTRAL K.K.
Demolition of half of the historic Gakushi Kaikan (学士会館) will start in 2025. The property was built in the 1920s...
Mandarin Oriental opening three boutique hotels in Setouchi – JAPAN PROPERTY CENTRAL K.K.
Japan’s island-filled Setouchi region will be home to three boutique Mandarin Oriental hotels between 2027 and 2030. Currently, the sole...
Tokyo’s luxury real estate market is even cheaper now – JAPAN PROPERTY CENTRAL K.K.
Luxury housing in Tokyo still remains the cheapest amongst the top global cities by a long shot, and it has...
Properties we sourced in November – JAPAN PROPERTY CENTRAL K.K.
These are some of the off-market properties we sourced for our clients last month. A couple of places we looked...
Japan’s land values continue to rise throughout 2023 – JAPAN PROPERTY CENTRAL K.K.
Land values across Japan are rising at an increasing pace after suffering some declines during the pandemic. The rising prices...
Tokyo’s apartment rents increase 0.2% in November – JAPAN PROPERTY CENTRAL K.K.
According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in Tokyo’s 23 wards was 4,236 Yen/m2 in...
What is the current pricing and yields on multi family assets in Tokyo? – JAPAN PROPERTY CENTRAL K.K.
To gain a bit more insight into Tokyo’s multi-family market, we took a sample of 20 apartment buildings currently advertised...
Japan’s cold storage to heat up as inventory shrinks – JAPAN PROPERTY CENTRAL K.K.
Cold storage warehousing is expected to face dire market conditions in the coming years with demand to outstrip limited supply....
Niseko hotel tax to max out at 2,000 Yen – JAPAN PROPERTY CENTRAL K.K.
On November 8, Niseko Town announced plans to introduce an incremental hotel tax that will be amongst some of the...
