Last Update: 07/15 2026 15:00 JST

NIKKEI REAL ESTATE MARKET REPORT

Log In Subscription Two Weeks Free Trial

TOP STORY

Comforia Residential REIT to acquire five residences for Y10.3bn
DEALS

Comforia Residential REIT to acquire five residences for Y10.3bn

Comforia Residential REIT, which is affiliated with Tokyu Land, decided to acquire a total of five apartments in Tokyo and Saitama City. The total acquisition price is approximately 10.26 billion yen [$62 million].

NEW
SoftBank to expand into new office in Blue Front Shibaura
TENANTS

SoftBank to expand into new office in Blue Front Shibaura

NEW
GLP Japan starts construction of 830,000 m2 GFA warehouse in Akishima City, Tokyo
PROJECTS

GLP Japan starts construction of 830,000 m2 GFA warehouse in Akishima City, Tokyo

NEW
Chiyoda-ku retail building changes hands
DEALS

Chiyoda-ku retail building changes hands

NEW
List Development acquires rental apartment building in Yokohama
DEALS

List Development acquires rental apartment building in Yokohama

NEW
SC Capital Partners acquires hotel in Shinjuku’s Kabukicho
DEALS

SC Capital Partners acquires hotel in Shinjuku’s Kabukicho

LATEST NEWS

List Development acquires Sendagaya office building
DEALS

List Development acquires Sendagaya office building

NEW
L Plus acquires Nishi-Shinjuku office building

L Plus acquires Nishi-Shinjuku office building

NEW
Ryoyo Ryosan Holdings to move to Toyosu Sail Park
TENANTS

Ryoyo Ryosan Holdings to move to Toyosu Sail Park

NEW
Comforia Residential REIT to acquire five residences for Y10.3bn
DEALS

Comforia Residential REIT to acquire five residences for Y10.3bn

NEW
Hankyu Hanshin Properties developing apartment building in Shinagawa
PROJECTS
DEALS

Hankyu Hanshin Properties developing apartment building in Shinagawa

NEW
Daiwa House developing hotel in Iwamotocho, Chiyoda-ku
PROJECTS

Daiwa House developing hotel in Iwamotocho, Chiyoda-ku

NEW
SoftBank to expand into new office in Blue Front Shibaura
TENANTS

SoftBank to expand into new office in Blue Front Shibaura

NEW
NPR-Riken moving to Tokyo Sankei Building
TENANTS

NPR-Riken moving to Tokyo Sankei Building

NEW
MORE

EDITORS' PICK

SPC invested by Japan Logistics Fund to acquire four properties
DEALS

SPC invested by Japan Logistics Fund to acquire four properties

GK Sasanqua, which is a special purpose company, will acquire logistics facilities at four locations in Japan.
Nippon Steel Kowa and Keihanshin Building join CBRE's U.S. project
TRENDS

Nippon Steel Kowa and Keihanshin Building join CBRE's U.S. project
Mori Building joins building redevelopment project in New York
TRENDS

Mori Building joins building redevelopment project in New York
Kanden Realty & Development acquires logistics facility near Brisbane
TRENDS

Kanden Realty & Development acquires logistics facility near Brisbane
Mitsubishi developing 16,000 m2 GFA apartment building in Gotanda
PROJECTS

Mitsubishi developing 16,000 m2 GFA apartment building in Gotanda
TPG becomes major investor in large-scale Yokohama logistics facilities
DEALS

TPG becomes major investor in large-scale Yokohama logistics facilities
H.I.S. to sell former headquarters floors to Mori Trust
DEALS

H.I.S. to sell former headquarters floors to Mori Trust
Brookfield bets on its Japan business to top Hong Kong and Singapore
BUSINESS

Brookfield bets on its Japan business to top Hong Kong and Singapore
Japan's corporate real estate sales hit 18-year high on strong demand
BUSINESS

Japan's corporate real estate sales hit 18-year high on strong demand
Nippon Life to invest $9.4bn in Blackstone private credit deal
BUSINESS

Nippon Life to invest $9.4bn in Blackstone private credit deal

MOST READ

Today
Weekly
Monthly

Chiyoda-ku retail building changes hands

NPR-Riken moving to Tokyo Sankei Building

List Development acquires rental apartment building in Yokohama

SC Capital Partners acquires hotel in Shinjuku’s Kabukicho

GLP Japan starts construction of 830,000 m2 GFA warehouse in Akishima City, Tokyo

Mitsubishi embarks on $9bn data center building spree in Japan

Mitsui to build $1.4bn rental lab complex in central London

GLP J-REIT to sell logistics facility in Tomisato City, Chiba

Keio Realty & Development sells apartment building in Bunkyo-ku

Jingumae apartment building sold
Running Out of Office Space
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: JULY 2026

Local Markets: Osaka

Running Out of Office Space

Confusion over whether market is maturing or overheating

In Osaka, particularly the Yodoyabashi, Hommachi and Shinsaibashi area along Midosuji Boulevard, which runs northsouth through the city center, buildings directly connected to stations were constructed one after another between 2025 and 2026. Contracts for rental office floors are being concluded and the strong demand from tenants stands out. On the other hand, some tenants are unable to move due to a shortage of rental space, declining new supply and soaring rents. After having enjoyed the benefits of a booming economy, the overheated market is now starting to dry up due to inflation.

Analyst Survey | Deals Roundup | Relocation Update | News Digest

TRENDS

Progmat establishes Real-Estate-ST Emergence Consortium

Progmat establishes Real-Estate-ST Emergence Consortium

Marubeni Asset Management launches fund with properties worth Y23bn

Nippon Steel Kowa and Keihanshin Building join CBRE's U.S. project

Fukuoka Jisho increases stake in Fukuoka REIT asset management company

Tokyo Tatemono acquires rental housing complex in Arizona, US
MORE

DEALS

List Development acquires Sendagaya office building

List Development acquires Sendagaya office building

NEW

Comforia Residential REIT to acquire five residences for Y10.3bn

NEW

Hankyu Hanshin Properties developing apartment building in Shinagawa

NEW

Chiyoda-ku retail building changes hands

NEW

List Development acquires rental apartment building in Yokohama

NEW
MORE

PROJECTS

Hankyu Hanshin Properties developing apartment building in Shinagawa

Hankyu Hanshin Properties developing apartment building in Shinagawa

NEW

Daiwa House developing hotel in Iwamotocho, Chiyoda-ku

NEW

GLP Japan starts construction of 830,000 m2 GFA warehouse in Akishima City, Tokyo

NEW

Daiichi Realtor to construct 56-room hotel in Asakusa

Mitsubishi developing student housing near Waseda University
MORE

TENANTS

Ryoyo Ryosan Holdings to move to Toyosu Sail Park

Ryoyo Ryosan Holdings to move to Toyosu Sail Park

NEW

SoftBank to expand into new office in Blue Front Shibaura

NEW

NPR-Riken moving to Tokyo Sankei Building

NEW

Unitika moving into Kyodo Building in Nihombashi-Muromachi

Amova Asset Management moving from Midtown Tower to Azabudai Hills
MORE

STATS

What Happens to Demolished Office Buildings?

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

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
MORE

LOCAL

Mantomi acquires bank building in Kitakyushu from Hulic

Mantomi acquires bank building in Kitakyushu from Hulic

Umeshin Kyobashi Fudosan acquires Osaka apartment building

Tatsumi acquires office building in Osaka

Mitsubishi Logistics sells two office buildings in Osaka City

Kokuyo to sell former Osaka headquarters and other assets
MORE

BUSINESS

Mitsui to build $1.4bn rental lab complex in central London
BUSINESS

Mitsui to build $1.4bn rental lab complex in central London
Mitsubishi embarks on $9bn data center building spree in Japan
BUSINESS

Mitsubishi embarks on $9bn data center building spree in Japan
Tokyo office vacancies fall below 2% for 1st time since pandemic
BUSINESS

Tokyo office vacancies fall below 2% for 1st time since pandemic
Cash buys dominate Tokyo and Osaka penthouses as luxury demand surges

Cash buys dominate Tokyo and Osaka penthouses as luxury demand surges
Taiwan's wealth flows into Japan real estate as mainland Chinese retreat
BUSINESS

Taiwan's wealth flows into Japan real estate as mainland Chinese retreat
Central Tokyo existing condo prices level off as investment demand wanes
BUSINESS

Central Tokyo existing condo prices level off as investment demand wanes
MORE

DATA

Transaction Data

73 Transactions Data - Up to May, 2009

103 Transactions Data - Up to April, 2009

74 Transactions Data - Up to March, 2009

81 Transactions Data - Up to February, 2009

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

MORE