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

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

UI Boustead REIT was listed on the Singapore Exchange. It incorporates a mixed-use building consisting of an office and a factory in Koto-ku, Tokyo and a logistics facility in Konan City, Shiga Prefecture, as its assets under management at the time of listing.

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Temple University acquires Kawasaki office building

Temple University acquires Kawasaki office building

Taisei-Yuraku reconstructing Suidobashi Nishiguchi Kaikan

Taisei-Yuraku reconstructing Suidobashi Nishiguchi Kaikan

JRE to additionally acquire ownership interest in Shinjuku building

JRE to additionally acquire ownership interest in Shinjuku building

LATEST NEWS

Mitsubishi developing rental apartment building in Asakusa

Mitsubishi developing rental apartment building in Asakusa

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

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

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

Syuuei acquires Shibuya retail building

Syuuei acquires Shibuya retail building

Toda and Tokyo Kensetsu Kaikan exchange Hatchobori buildings

Toda and Tokyo Kensetsu Kaikan exchange Hatchobori buildings

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Sala acquires Aichi apartment buildings from Ichigo Private REIT

Frank acquires apartment building in Nezu, Bunkyo-ku

Frank acquires apartment building in Nezu, Bunkyo-ku

Daiwa House developing mixed-use building near Sensoji Temple

Daiwa House developing mixed-use building near Sensoji Temple

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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

Tokyo Office Rents to Rise 16% Over Next Five Years

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

Frank acquires apartment building in Nezu, Bunkyo-ku

Temple University acquires Kawasaki office building

Avalsec’s SPC developing luxury hotel in Ginza

JRE to additionally acquire ownership interest in Shinjuku building

Building along Hongo-dori Street in Bunkyo-ku sold

Taisei-Yuraku reconstructing Suidobashi Nishiguchi Kaikan

Daiwa House developing mixed-use building near Sensoji Temple

Cosmetics company to move to New Otani Garden Court in Kioicho

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

Sojitz Residential Partners sells minpaku apartment building in Ota-ku

Keihan Real Estate developing hotel in Osaka

Terilogy Holdings relocating to Front Place Kanda-Jimbocho

Tokyo Office Rents to Rise 16% Over Next Five Years

Orix JREIT to conduct asset replacement worth Y28.5bn

FPG acquires Shinsaibashi building and part of Roppongi Hills Mori Tower

Hulic REIT to sell five network centers for Y8bn

Nomura developing hotel near Sensoji Temple

Sun Frontier purchases Shintomi office building from Mitsubishi

A.D. Works purchases new Jingumae retail building

Ginsen secures 986 m2 of land near Kanda Station

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

Atomix moving from owned building in Itabashi to Nishi-Shinjuku

Mirarth REIT to acquire and sell properties, expanding assets

Asuka Shinkumi Bank acquires new Shiba-Daimon office building

Ichigo Office REIT to acquire office building in Funabashi City, Chiba

Dentsu Soken opening new base in Torch Tower in 2028

Tokyo Trust Capital acquires newly built office in Hatchobori

Mitsui & Co. Digital AM jointly acquires Higashi Kanda apartment for STO

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

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

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

Mizuho Leasing Company to invest Y30bn in Star Asia alliance

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DEALS

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

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

Syuuei acquires Shibuya retail building

Toda and Tokyo Kensetsu Kaikan exchange Hatchobori buildings

Sala acquires Aichi apartment buildings from Ichigo Private REIT

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

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TENANTS

Cosmetics company to move to New Otani Garden Court in Kioicho

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

M&A Capital Partners to move to Torch Tower

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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

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LOCAL

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

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

Sala acquires Aichi apartment buildings from Ichigo Private REIT

FPG acquires Shinsaibashi building and part of Roppongi Hills Mori Tower

Orix JREIT to conduct asset replacement worth Y28.5bn

MORE

BUSINESS

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

Kabuki producer Shochiku to invest $630m in new Tokyo theater complex

Kabuki producer Shochiku to invest $630m in new Tokyo theater complex

Tokyo office space supply runs low amid record demand, project delays

Tokyo office space supply runs low amid record demand, project delays

Nissan company town outside Tokyo thrives 30 years after plant closure

Nissan company town outside Tokyo thrives 30 years after plant closure

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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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