Top - NIKKEI REAL ESTATE MARKET REPORT

TOP STORY

One REIT to sell Nagoya office building for Y8bn

One REIT to sell Nagoya office building for Y8bn

One REIT, which is affiliated with Mizuho Trust & Banking Corporation, decided to sell an office building in Naka-ku, Nagoya City.

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

A.D. Works sells retail building near Azabu-Juban Station

A.D. Works sells retail building near Azabu-Juban Station

Taiheiyo Cement to gain Y18.7bn from land sale in Harumi, Chuo-ku

Taiheiyo Cement to gain Y18.7bn from land sale in Harumi, Chuo-ku

Savills IM appoints Shusaku Watanabe as Head of Japan

Savills IM appoints Shusaku Watanabe as Head of Japan

Amanek developing 180-room hotel in central Kochi City

Amanek developing 180-room hotel in central Kochi City

LATEST NEWS

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

One REIT to sell Nagoya office building for Y8bn

One REIT to sell Nagoya office building for Y8bn

Seibu Real Estate acquires student property in Toshima-ku

Seibu Real Estate acquires student property in Toshima-ku

A.D. Works sells retail building near Azabu-Juban Station

A.D. Works sells retail building near Azabu-Juban Station

Sun Frontier Fudousan acquires buildings in Iidabashi and Dogenzaka

Sun Frontier Fudousan acquires buildings in Iidabashi and Dogenzaka

Earth Wind sells buildings in Nishi-Shinjuku and Takanawa

Earth Wind sells buildings in Nishi-Shinjuku and Takanawa

Kuramae apartment building changes hands

Kuramae apartment building changes hands

NY Life investment arm steps up Japan private-asset push

NY Life investment arm steps up Japan private-asset push

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EDITORS' PICK

SPC invested by Japan Logistics Fund to acquire four properties

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

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

Mori Building joins building redevelopment project in New York

Mori Building joins building redevelopment project in New York

Kanden Realty & Development acquires logistics facility near Brisbane

Kanden Realty & Development acquires logistics facility near Brisbane

Mitsubishi developing 16,000 m2 GFA apartment building in Gotanda

Mitsubishi developing 16,000 m2 GFA apartment building in Gotanda

TPG becomes major investor in large-scale Yokohama logistics facilities

TPG becomes major investor in large-scale Yokohama logistics facilities

H.I.S. to sell former headquarters floors to Mori Trust

H.I.S. to sell former headquarters floors to Mori Trust

Brookfield bets on its Japan business to top Hong Kong and Singapore

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

Japan's corporate real estate sales hit 18-year high on strong demand

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

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

MOST READ

Savills IM appoints Shusaku Watanabe as Head of Japan

Taiheiyo Cement to gain Y18.7bn from land sale in Harumi, Chuo-ku

Japan Hotel REIT to replace assets worth Y45.2bn

Daiwa House acquires former Megmilk Snow Brand Head Office

Docusign Japan relocating to Toranomon Hills Mori Tower, expanding office

Hankyu Hanshin REIT to acquire three properties for Y6.4bn

Amanek developing 180-room hotel in central Kochi City

MetLife Insurance acquires self-storage facility in Nishi-Shinjuku

NY Life investment arm steps up Japan private-asset push

A.D. Works acquires Nishi-Shinjuku apartment building

GLP J-REIT to acquire three logistics facilities for Y40.7bn

NTT Docomo Group sells building sites in Shinjuku and Hitotsubashi

Japan Sewage Works Agency relocating to Meiji Yasuda Shinjuku Building

Orix leasing 10,000 tsubos in Hamamatsucho WTC Main Tower

Mitsubishi to construct rental apartment building in Osaka

Hoosiers to build rental apartment in Suginami-ku

Aoyama Zaisan Networks acquires Ueno retail building

Hokkoku Bank developing apartment building in Otsuka, Bunkyo-ku

L Plus acquires Nishi-Shinjuku office building

List Development acquires Sendagaya office building

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

List Development acquires Sendagaya office building

L Plus acquires Nishi-Shinjuku office building

Chiyoda-ku retail building changes hands

Aoyama Zaisan Networks acquires Ueno retail building

Hokkoku Bank developing apartment building in Otsuka, Bunkyo-ku

Hoosiers to build rental apartment in Suginami-ku

NTT Docomo Group sells building sites in Shinjuku and Hitotsubashi

List Development acquires rental apartment building in Yokohama

Orix leasing 10,000 tsubos in Hamamatsucho WTC Main Tower

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

Savills IM appoints Shusaku Watanabe as Head of Japan

Savills IM appoints Shusaku Watanabe as Head of Japan

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

MORE

DEALS

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

One REIT to sell Nagoya office building for Y8bn

Seibu Real Estate acquires student property in Toshima-ku

A.D. Works sells retail building near Azabu-Juban Station

Sun Frontier Fudousan acquires buildings in Iidabashi and Dogenzaka

MORE

PROJECTS

Amanek developing 180-room hotel in central Kochi City

Amanek developing 180-room hotel in central Kochi City

Nomura to develop apartment buildings and dormitory in Shinagawa-ku

Mitsubishi to construct rental apartment building in Osaka

Hoosiers to build rental apartment in Suginami-ku

Hokkoku Bank developing apartment building in Otsuka, Bunkyo-ku

MORE

TENANTS

KongStudios to relocate to Nihonbashi-Honcho M-Square

KongStudios to relocate to Nihonbashi-Honcho M-Square

Docusign Japan relocating to Toranomon Hills Mori Tower, expanding office

Japan Sewage Works Agency relocating to Meiji Yasuda Shinjuku Building

Orix leasing 10,000 tsubos in Hamamatsucho WTC Main Tower

Ryoyo Ryosan Holdings to move to Toyosu Sail Park

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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

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LOCAL

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

Mitsubishi Estate Logistics REIT to acquire Osaka logistics facility

One REIT to sell Nagoya office building for Y8bn

Amanek developing 180-room hotel in central Kochi City

Japan Hotel REIT to replace assets worth Y45.2bn

Digital Securities conducts STO after acquiring Kyoto hotel for Y3.3bn

MORE

BUSINESS

NY Life investment arm steps up Japan private-asset push

NY Life investment arm steps up Japan private-asset push

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

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

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

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

Tokyo office vacancies fall below 2% for 1st time since pandemic

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

Taiwan's wealth flows into Japan real estate as mainland Chinese retreat

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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

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