Top - NIKKEI REAL ESTATE MARKET REPORT

TOP STORY

Daiwa Securities Living REIT to conduct Y10bn asset replacement

Daiwa Securities Living REIT to conduct Y10bn asset replacement

Daiwa Securities Living REIT decided to acquire four rental apartments and sell two rental apartments. The total transaction price is approximately 10.01 billion yen [$63 million].

Mitsubishi logistics REIT to sell properties in Saitama

Mitsubishi logistics REIT to sell properties in Saitama

Blackstone to invest $15bn in Japan over three years

Blackstone to invest $15bn in Japan over three years

JRE to acquire two properties in Tokyo and Sapporo

JRE to acquire two properties in Tokyo and Sapporo

Es-Con Japan to acquire Ark Real Estate assets

Es-Con Japan to acquire Ark Real Estate assets

IIF REIT acquires two logistics facilities from Yamato Group

IIF REIT acquires two logistics facilities from Yamato Group

LATEST NEWS

Central Tokyo existing-condo prices dip for 1st time in 3 years

Central Tokyo existing-condo prices dip for 1st time in 3 years

Blackstone to invest $15bn in Japan over three years

Blackstone to invest $15bn in Japan over three years

Mitsubishi logistics REIT to sell properties in Saitama

Mitsubishi logistics REIT to sell properties in Saitama

Daiwa Securities Living REIT to conduct Y10bn asset replacement

Daiwa Securities Living REIT to conduct Y10bn asset replacement

Animation production company moving to Nakano M-Square

Animation production company moving to Nakano M-Square

1,000 m2 development site in Otsuka sold<br /><br />

1,000 m2 development site in Otsuka sold

IIF REIT acquires two logistics facilities from Yamato Group

IIF REIT acquires two logistics facilities from Yamato Group

Es-Con Japan to acquire Ark Real Estate assets

Es-Con Japan to acquire Ark Real Estate assets

MORE

EDITORS' PICK

Mizuho Leasing Company to invest Y30bn in Star Asia alliance

Mizuho Leasing Company to invest Y30bn in Star Asia alliance

Mizuho Leasing Company group and Star Asia Group LLC (Star Asia) decided to conclude a capital and business alliance agreement. Mizuho Leasing Company subsidiary ML Estate will, through its special purpose company, subscribe to a third-party allotment of new shares by Star Asia. It will invest 30 billion yen [$190 million].

Japan Hotel REIT to acquire Hyatt hotel in Nishi-Shinjuku

Japan Hotel REIT to acquire Hyatt hotel in Nishi-Shinjuku

Itochu and Sun Frontier enter alliance for business expansion

Itochu and Sun Frontier enter alliance for business expansion

Tokyo Gas private fund acquires large Toyosu mixed-use building (updated)

Tokyo Gas private fund acquires large Toyosu mixed-use building (updated)

Railway operator Nishitetsu to develop logistics facilities in Arizona, U.S.

Railway operator Nishitetsu to develop logistics facilities in Arizona, U.S.

Brookfield acquires Dentsu Headquarters Building for over Y300bn

Brookfield acquires Dentsu Headquarters Building for over Y300bn

CBRE IM forms logistics core fund of three properties

CBRE IM forms logistics core fund of three properties

US fund Cabot Properties to invest $200m-plus in Japan logistics facilities

US fund Cabot Properties to invest $200m-plus in Japan logistics facilities

Hulic and others acquire interest in Singapore industrial assets

Hulic and others acquire interest in Singapore industrial assets

Fuji Media Holdings removing real estate business from balance sheet

Fuji Media Holdings removing real estate business from balance sheet

MOST READ

JRE to acquire two properties in Tokyo and Sapporo

Es-Con Japan to acquire Ark Real Estate assets

IIF REIT acquires two logistics facilities from Yamato Group

Ruf purchases Shinkawa, Chuo-ku building

Kama Trust acquires Azabu-Juban retail building

Ascot acquires Ochiai, Shinjuku-ku apartment building

Mitsui & Co. Digital AM conducts STO in Miyagi

Ichigo Owners acquires Taito-ku apartment building from Anabuki Kosan

Foreign-led development draws Japan firms to Niigata ski resort Myoko

Comforia Residential REIT reshuffling Y7.3bn worth of assets

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

Mitsubishi developing rental apartment building in Asakusa

Keio Realty & Development incorporates properties into its private fund

Singapore’s UI Boustead REIT lists with Koto-ku office and others

Tokyu REIT to acquire two properties

Syuuei acquires Shibuya retail building

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Hulic to sell large mixed-use facility in Minato Mirai

Nomura Master Fund to sell two office buildings

Hulic acquires Ginza office building from Nomura

Orix JREIT to conduct asset replacement worth Y28.5bn

FPG acquires Shinsaibashi building and part of Roppongi Hills Mori Tower

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

Mitsubishi developing rental apartment building in Asakusa

Sky Field Corp moving to IT Tower Tokyo

Frank acquires apartment building in Nezu, Bunkyo-ku

Avalsec’s SPC developing luxury hotel in Ginza

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Syuuei acquires Shibuya retail building

Norinchukin Bank eyes Japan real estate with CBRE after huge bond loss

Rents Rise All at Once

MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: MARCH 2026

Review: 2025 Rents

Rents Rise All at Once

Significant floor shortage caused by increased in-office work

In 2025, contracted rents in Tokyo office market further rose. In recent years, the upward trend has intensified at an unprecedented speed. This trend is driven by rising demand for office space, reflecting increased personnel and a return to the office. Contracts for large-scale spaces were concluded one after another and floor expansions in the same buildings were also active. There were only a few advertised floors in the latter half of the year. As options for relocation destinations become limited, demand is even spreading to suburban areas.

Interview | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

Es-Con Japan to acquire Ark Real Estate assets

Es-Con Japan to acquire Ark Real Estate assets

REIT Global One’s management company to consolidate over 20 shareholders

Nishitetsu developing for-sale condominiums near Manila, Philippines

Hulic acquires logistics facility in Las Vegas, U.S.

Vortex to make Kinoshita Real Estate a subsidiary

MORE

DEALS

Mitsubishi logistics REIT to sell properties in Saitama

Mitsubishi logistics REIT to sell properties in Saitama

Daiwa Securities Living REIT to conduct Y10bn asset replacement

1,000 m2 development site in Otsuka sold

IIF REIT acquires two logistics facilities from Yamato Group

JRE to acquire two properties in Tokyo and Sapporo

MORE

PROJECTS

Mitsubishi developing rental apartment building in Asakusa

Mitsubishi developing rental apartment building in Asakusa

Daiwa House developing mixed-use building near Sensoji Temple

Taisei-Yuraku reconstructing Suidobashi Nishiguchi Kaikan

Avalsec’s SPC developing luxury hotel in Ginza

Nomura developing hotel near Sensoji Temple

MORE

TENANTS

Animation production company moving to Nakano M-Square

Animation production company moving to Nakano M-Square

Cosmetics company to move to New Otani Garden Court in Kioicho

Sky Field Corp moving to IT Tower Tokyo

Terilogy Holdings relocating to Front Place Kanda-Jimbocho

Pia to relocate to Shibuya-ku Dogenzaka 2-Chome Project

MORE

STATS

Tokyo Office Rents to Rise 16% Over Next Five Years

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops

Real estate industry loans remain strong, outstanding loans exceed Y140tn

20% of Companies Hold Idle Real Estate

Environmental Certification Costs

MORE

LOCAL

Daiwa Securities Living REIT to conduct Y10bn asset replacement

Daiwa Securities Living REIT to conduct Y10bn asset replacement

IIF REIT acquires two logistics facilities from Yamato Group

JRE to acquire two properties in Tokyo and Sapporo

Mitsui & Co. Digital AM conducts STO in Miyagi

JLF to acquire Saga logistics facility and Yokohama leased site

MORE

BUSINESS

Central Tokyo existing-condo prices dip for 1st time in 3 years

Central Tokyo existing-condo prices dip for 1st time in 3 years

Blackstone to invest $15bn in Japan over three years

Blackstone to invest $15bn in Japan over three years

Foreign-led development draws Japan firms to Niigata ski resort Myoko

Foreign-led development draws Japan firms to Niigata ski resort Myoko

US startup offers furnished apartments in Tokyo for digital nomads

US startup offers furnished apartments in Tokyo for digital nomads

Norinchukin Bank eyes Japan real estate with CBRE after huge bond loss

Norinchukin Bank eyes Japan real estate with CBRE after huge bond loss

Japan's next push for casino resorts sparks race for remaining bids

Japan's next push for casino resorts sparks race for remaining bids

MORE

DATA

Transaction Data

73 Transactions Data - Up to May, 2009

2009.6.25

103 Transactions Data - Up to April, 2009

2009.5.29

74 Transactions Data - Up to March, 2009

2009.4.30

81 Transactions Data - Up to February, 2009

2009.3.31

3360 Transactions Data - Up to January, 2009 ( CSV only )

2010.1.7

MORE