Last Update: 09/29 2026 16:00 JST

NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

KKR sells domestic hotel portfolio with 3,468 guestrooms
DEALS

KKR sells domestic hotel portfolio with 3,468 guestrooms

KKR of the U.S. announced that it sold a portfolio of 16 hotels in Japan managed by its fund. All of them are hotels of Four Points Flex by Sheraton, which is a limited-service hotel brand of Marriott International.

NEW
Hulic REIT reshuffling Y75.9bn worth of assets
DEALS
LOCAL

Hulic REIT reshuffling Y75.9bn worth of assets

NEW
Former Murakami Fund affiliate offers new TOB for Sankei REIT
TRENDS

Former Murakami Fund affiliate offers new TOB for Sankei REIT

NEW
Sankei REIT sells large Fukuoka office building with low occupancy
DEALS
LOCAL

Sankei REIT sells large Fukuoka office building with low occupancy

NEW
Hong Kong’s Weave completes exit of large Y55bn residential fund
TRENDS

Hong Kong’s Weave completes exit of large Y55bn residential fund

NEW
KDX Realty REIT to replace Y41.6bn worth of assets
DEALS

KDX Realty REIT to replace Y41.6bn worth of assets

NEW

LATEST NEWS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia
BUSINESS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia

NEW
Sankei REIT sells large Fukuoka office building with low occupancy
DEALS
LOCAL

Sankei REIT sells large Fukuoka office building with low occupancy

NEW
Ccreb Advisors acquires Fukuoka logistics facility
DEALS
LOCAL

Ccreb Advisors acquires Fukuoka logistics facility

NEW
Hulic REIT reshuffling Y75.9bn worth of assets
DEALS
LOCAL

Hulic REIT reshuffling Y75.9bn worth of assets

NEW
Former Murakami Fund affiliate offers new TOB for Sankei REIT
TRENDS

Former Murakami Fund affiliate offers new TOB for Sankei REIT

NEW
KKR sells domestic hotel portfolio with 3,468 guestrooms
DEALS

KKR sells domestic hotel portfolio with 3,468 guestrooms

NEW
NTT Urban Development acquires 312 m2 of land in Shimbashi
DEALS

NTT Urban Development acquires 312 m2 of land in Shimbashi

NEW
Japan Estate acquires building in Nihombashi-Ningyocho
DEALS

Japan Estate acquires building in Nihombashi-Ningyocho

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EDITORS' PICK

GLP investing Y300bn to develop cold storage in Kawasaki
DEALS
PROJECTS

GLP investing Y300bn to develop cold storage in Kawasaki

GLP Japan, under the umbrella of Ares Management of the U.S., signed a purchase agreement to acquire part of a plant site in Ogishima, Kawasaki-ku, Kawasaki City.
UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings
DEALS

UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings
Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area
PROJECTS

Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area
JMF-funded SPC to acquire 17 Seiyu leased sites
DEALS

JMF-funded SPC to acquire 17 Seiyu leased sites
Hulic acquires Ginza building from Singaporean REIT
DEALS

Hulic acquires Ginza building from Singaporean REIT
Sumitomo Forestry developing apartment buildings in Phoenix, U.S.
TRENDS

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.
Lone Star acquires rental housing portfolio in Chuo-ku (corrected)
DEALS

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)
Mori Building tackles 1st redevelopment project in New York
BUSINESS

Mori Building tackles 1st redevelopment project in New York
Brookfield enters Japan housing market with $627m deal in 4 urban centers
BUSINESS

Brookfield enters Japan housing market with $627m deal in 4 urban centers
Hulic acquires second logistics facility in Las Vegas
TRENDS

Hulic acquires second logistics facility in Las Vegas

MOST READ

Today
Weekly
Monthly

Osaka's entertainment ambitions for former Expo site draw few takers

Nozawa Onsen ski resort curbs development of tall hotels

Daiichi Realtor sells pet-friendly apartment buildings

KDX Realty REIT to replace Y41.6bn worth of assets

Japan Excellent REIT to acquire Kanda-Sudacho building

LaSalle Logiport REIT to sell four properties for Y29.6bn

Existing condo prices in central Tokyo down for 4th straight month

Tokyo Tatemono joins first Australian logistics fund

Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Heiwa REIT acquires office building in Akishima City, Tokyo
Sakae and Meieki Compete
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: SEPTEMBER 2026

Local Markets: Nagoya

Sakae and Meieki Compete

- Testing rent upside beyond 40,000 yen per tsubo

In the Nagoya office market, a case where a contract was concluded at 40,000 yen per tsubo [$74 per m²] was seen. Sakae and Meieki, the two poles of the office market, are reinforcing each other, causing continued rent growth. Due to strong tenant demand, investor interest continues to increase. However, people in the real estate industry appear subdued. A project to redevelop Nagoya Station area, which was expected to be a catalyst for the local economy, returned to square one at the end of last year due to the withdrawal of the general contractor. This report shows the untold turmoil during that time.

Under Construction Survey | Deals Roundup | Relocation Update | News Digest

TRENDS

Former Murakami Fund affiliate offers new TOB for Sankei REIT

Former Murakami Fund affiliate offers new TOB for Sankei REIT

NEW

Hong Kong’s Weave completes exit of large Y55bn residential fund

NEW

Tokyo Tatemono joins first Australian logistics fund

Creal partners with Singaporean investment company to promote cross-border investment

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
MORE

DEALS

Sankei REIT sells large Fukuoka office building with low occupancy

Sankei REIT sells large Fukuoka office building with low occupancy

NEW

Ccreb Advisors acquires Fukuoka logistics facility

NEW

Hulic REIT reshuffling Y75.9bn worth of assets

NEW

KKR sells domestic hotel portfolio with 3,468 guestrooms

NEW

NTT Urban Development acquires 312 m2 of land in Shimbashi

NEW
MORE

PROJECTS

Daiwa House developing hotel in Tsukiji

Daiwa House developing hotel in Tsukiji

Taisei-Yuraku Real Estate starts rental apartment development in Takaido

Tokyu Land and Nippon Steel Kowa acquire Nibancho land interests

Tokyo Tatemono and Misawa Homes developing hotel in Shimbashi

Mitsui to construct apartment building in Shinagawa-ku
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TENANTS

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Copia to relocate to Yaesu Core, scheduled for 2029 completion

Nivea-Kao to move into wooden high-rise building in Nihombashi-Honcho

MTG to open new office in Shinagawa Season Terrace

Tokyo Century to relocate to Hibiya Crosspark South Tower
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

Sankei REIT sells large Fukuoka office building with low occupancy

Sankei REIT sells large Fukuoka office building with low occupancy

NEW

Ccreb Advisors acquires Fukuoka logistics facility

NEW

Hulic REIT reshuffling Y75.9bn worth of assets

NEW

MFLP-REIT reshuffling Y47.6bn worth of assets

JMF to sell Osaka store leased site for over 2.5 times appraisal value
MORE

BUSINESS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia
BUSINESS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia

NEW
Osaka's entertainment ambitions for former Expo site draw few takers
BUSINESS

Osaka's entertainment ambitions for former Expo site draw few takers

NEW
Nozawa Onsen ski resort curbs development of tall hotels
BUSINESS

Nozawa Onsen ski resort curbs development of tall hotels

NEW
Existing condo prices in central Tokyo down for 4th straight month
BUSINESS

Existing condo prices in central Tokyo down for 4th straight month
Tokyo commercial land prices jump to 33-year high as remote work ebbs
BUSINESS

Tokyo commercial land prices jump to 33-year high as remote work ebbs
Shimizu joins US developer on Atlanta apartment development
BUSINESS

Shimizu joins US developer on Atlanta apartment development
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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