Last Update: 11/13 2026 17:00 JST

NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

IIF funded SPC to acquire factory sites for Y17.7bn
DEALS
LOCAL

IIF funded SPC to acquire factory sites for Y17.7bn

AY GK, a special purpose company whose assets are managed by KJRM Private Solutions, which is affiliated with KKR of the U.S., will acquire...

NEW
Tokyu Land acquires Ebisu building from Singapore’s Starhill
DEALS

Tokyu Land acquires Ebisu building from Singapore’s Starhill

NEW
Es-Con Japan invests in Tokyo furnished residences operated by Weave
DEALS

Es-Con Japan invests in Tokyo furnished residences operated by Weave
Tosei acquires Shinkawa, Chuo-ku building
DEALS

Tosei acquires Shinkawa, Chuo-ku building
Toei to rebuild Toei Hall in Ginza into mixed-use building
PROJECTS

Toei to rebuild Toei Hall in Ginza into mixed-use building
Sanko Kigyo acquires Kudan office building
DEALS

Sanko Kigyo acquires Kudan office building

LATEST NEWS

IIF funded SPC to acquire factory sites for Y17.7bn
DEALS
LOCAL

IIF funded SPC to acquire factory sites for Y17.7bn

NEW
Cosmetics manufacturer Mandom to consolidate offices at Arco Tower
TENANTS

Cosmetics manufacturer Mandom to consolidate offices at Arco Tower

NEW
Tokyu Land acquires Ebisu building from Singapore’s Starhill
DEALS

Tokyu Land acquires Ebisu building from Singapore’s Starhill

NEW
Nishitetsu developing extended-stay hotel in Ryogoku, Sumida-ku
PROJECTS
DEALS

Nishitetsu developing extended-stay hotel in Ryogoku, Sumida-ku

NEW
Odakyu Railway developing nursing home in Shinjuku vicinity
PROJECTS

Odakyu Railway developing nursing home in Shinjuku vicinity
Meiwa Estate sells Roppongi apartment building
DEALS

Meiwa Estate sells Roppongi apartment building
Es-Con Japan invests in Tokyo furnished residences operated by Weave
DEALS

Es-Con Japan invests in Tokyo furnished residences operated by Weave
Tosei acquires Shinkawa, Chuo-ku building
DEALS

Tosei acquires Shinkawa, Chuo-ku building
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EDITORS' PICK

Tokyo Garden Terrace Kioicho sold for over Y300bn, set for Japan's largest-ever STO
DEALS

Tokyo Garden Terrace Kioicho sold for over Y300bn, set for Japan's largest-ever STO

A special purpose company of Blackstone of the U.S. will sell the office portion and retail facility portion of Tokyo Garden Terrace Kioicho, a large mixed-use facility in Kioicho, Chiyoda-ku. The buyers are...
Tokyu Land to develop three buildings in Sakuragaoka, Shibuya
PROJECTS

Tokyu Land to develop three buildings in Sakuragaoka, Shibuya
IIF REIT to make investment in hyperscale data center
DEALS
LOCAL

IIF REIT to make investment in hyperscale data center
REIT KDX Kolet to list in November with Y91.9bn AUM
TRENDS

REIT KDX Kolet to list in November with Y91.9bn AUM
Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall
DEALS

Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall
JPR acquiring interests in JA/Keidanren building for Y32.8bn<br />
DEALS

JPR acquiring interests in JA/Keidanren building for Y32.8bn
Singapore residence provider Ascott bets on Tokyo Station area
BUSINESS

Singapore residence provider Ascott bets on Tokyo Station area
Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot
PROJECTS

Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot
Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles
TRENDS

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles
Hulic, others-invested SPC acquired office near Tokyo Station
DEALS

Hulic, others-invested SPC acquired office near Tokyo Station

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Tokyu Land acquires Ebisu building from Singapore’s Starhill

IIF funded SPC to acquire factory sites for Y17.7bn

Cosmetics manufacturer Mandom to consolidate offices at Arco Tower

Hajime Construction relocating to new Ikebukuro building

Agility obtains apartment in Osaka

AIP Healthcare Japan developing mixed-use building in Shinonome, Koto-ku

Hulic obtains office building in Shibuya-ku from Morgan Stanley

Es-Con Japan invests in Tokyo furnished residences operated by Weave

SAP Japan to move from Otemachi to Blue Front Shibaura

Japan Pulp relocating to Tofrom Yaesu Tower
Retail Rents Hit Record Highs
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: NOVEMBER 2026

Area in Focus: Ginza

Retail Rents Hit Record Highs

Real estate investment enthusiasm remains strong despite decline in Chinese tourists

“GinzaNovo,” formerly Tokyu Plaza Ginza, is undergoing fullscale renovation, reviewing everything from traffic line to tenant mix. Behind this renovation is Ginza's resilience despite the significant decline in Chinese tourists. The rents of street-facing first floor retail spaces have broken record highs and there are numerous reconstruction projects along Chuo-dori Street. As Ginza’s uses expand from retail stores to senior housing, investors face the question of how much of the growth in Ginza can be incorporated into the acquisition prices.

Occupier Market | Deals Roundup | Relocation Update | News Digest

TRENDS

Private equity fund submits counter offer to privatize Sankei REIT

Private equity fund submits counter offer to privatize Sankei REIT

Foreclosure sale procedures for Minnade Oyasan’s Osaka land suspended

Daiichi Life Insurance, Nomura join JR East fund

REIT KDX Kolet to list in November with Y91.9bn AUM

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn
MORE

DEALS

IIF funded SPC to acquire factory sites for Y17.7bn

IIF funded SPC to acquire factory sites for Y17.7bn

NEW

Tokyu Land acquires Ebisu building from Singapore’s Starhill

NEW

Nishitetsu developing extended-stay hotel in Ryogoku, Sumida-ku

NEW

Meiwa Estate sells Roppongi apartment building

Es-Con Japan invests in Tokyo furnished residences operated by Weave
MORE

PROJECTS

Nishitetsu developing extended-stay hotel in Ryogoku, Sumida-ku

Nishitetsu developing extended-stay hotel in Ryogoku, Sumida-ku

NEW

Odakyu Railway developing nursing home in Shinjuku vicinity

Toei to rebuild Toei Hall in Ginza into mixed-use building

Nomura to construct hotel in Asakusa vicinity

Daiwa House developing 2,500 m2 GFA hotel in Asakusa vicinity
MORE

TENANTS

Cosmetics manufacturer Mandom to consolidate offices at Arco Tower

Cosmetics manufacturer Mandom to consolidate offices at Arco Tower

NEW

The Global to move into newly built Work Villa Yaesu

Japan Oil Transportation to relocate to Osaki Riverwalk in 2027

Toyota Tsusho relocating Tokyo Head Office to Yaesu

Camcom to expand office at Meiji Yasuda Shinjuku Building
MORE

STATS

Record-High Expect “Rise” in Logistics Facility Rents

Record-High Expect “Rise” in Logistics Facility Rents

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
MORE

LOCAL

IIF funded SPC to acquire factory sites for Y17.7bn

IIF funded SPC to acquire factory sites for Y17.7bn

NEW

Hashtag joins Y13.5bn-plus investment in six Hakata hotels

IIF selling Shizuoka logistics facility after eight-month hold

Nippon Hotel & Residential REIT to sell Ooedo-Onsen Monogatari in Atami

MFLP REIT fully acquiring Osaka Bayshore logistics facility
MORE

BUSINESS

Tokyo office rents surge 20%, sharpest rise in 35 years
BUSINESS

Tokyo office rents surge 20%, sharpest rise in 35 years
Daiwa fund buy of Blackstone Tokyo office complex include retail digital securities
BUSINESS

Daiwa fund buy of Blackstone Tokyo office complex include retail digital securities
Japan weighs taxing real estate rental operators living overseas
BUSINESS

Japan weighs taxing real estate rental operators living overseas
Tokyo ward seeks 5-year ban on condo resales at redevelopment project
BUSINESS

Tokyo ward seeks 5-year ban on condo resales at redevelopment project
Central Tokyo existing condo prices slip for 5th straight month
BUSINESS

Central Tokyo existing condo prices slip for 5th straight month
JR East steps up rail-linked retail push in Singapore, Philippines
BUSINESS

JR East steps up rail-linked retail push in Singapore, Philippines
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 )

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