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National Holiday: July 21 (Mon)

TOP STORY

Hankyu Hanshin Properties acquires Shinjuku office building

Hankyu Hanshin Properties acquires Shinjuku office building

Hankyu Hanshin Properties acquired an office property in Shinjuku, Shinjuku-ku.

MUFG Private REIT acquires two residences in Toshima-ku

MUFG Private REIT acquires two residences in Toshima-ku

Nomura private REIT and Ichigo Estate exchange properties

Nomura private REIT and Ichigo Estate exchange properties

Daiwa House secures apartment development site in Shinagawa

Daiwa House secures apartment development site in Shinagawa

List Development developing luxury hotel, “Anantara” expanding into Japan

List Development developing luxury hotel, “Anantara” expanding into Japan

Sekisui House, Nisshinbo Urban Development sell apartment in Minato-ku

Sekisui House, Nisshinbo Urban Development sell apartment in Minato-ku

LATEST NEWS

Obic leasing at Dai-ichi Life Kyobashi Kino Terrace

Obic leasing at Dai-ichi Life Kyobashi Kino Terrace

Arozee acquires Ningyocho building for rehabilitation purposes

Arozee acquires Ningyocho building for rehabilitation purposes

MUFG Private REIT acquires two residences in Toshima-ku

MUFG Private REIT acquires two residences in Toshima-ku

Hankyu Hanshin Properties acquires Shinjuku office building

Hankyu Hanshin Properties acquires Shinjuku office building

Realgate planning retail and office building in Naka-Meguro

Realgate planning retail and office building in Naka-Meguro

Daiwa House secures apartment development site in Shinagawa

Daiwa House secures apartment development site in Shinagawa

Infonet moving to Shimbashi Tokyu Building, doubling office space

Infonet moving to Shimbashi Tokyu Building, doubling office space

Nomura private REIT and Ichigo Estate exchange properties

Nomura private REIT and Ichigo Estate exchange properties

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EDITORS' PICK

GLP Japan’s data center development fund procures Y350bn

GLP Japan’s data center development fund procures Y350bn

A data center development fund of GLP Japan completed the procurement of 350 billion yen [$2.4 billion] from institutional investors.

FPG acquires land in Omotesando and retail building in Shinjuku

FPG acquires land in Omotesando and retail building in Shinjuku

CBRE Launches 2nd Joint U.S. Logistics Investment Program

CBRE Launches 2nd Joint U.S. Logistics Investment Program

U.K.’s Aberdeen acquires two Tokyo rental residences

U.K.’s Aberdeen acquires two Tokyo rental residences

CapitaLand acquires mixed-use building in Okubo, Shinjuku-ku for over Y30bn

CapitaLand acquires mixed-use building in Okubo, Shinjuku-ku for over Y30bn

Mitsubishi to acquire British fund management company

Mitsubishi to acquire British fund management company

Tokyo Tatemono participates in warehouse projects near Sydney, Australia

Tokyo Tatemono participates in warehouse projects near Sydney, Australia

ESR developing Singapore’s largest logistics facility with Japanese companies

ESR developing Singapore’s largest logistics facility with Japanese companies

Tokyo beats New York in record quarter for Japan real estate investment

Tokyo beats New York in record quarter for Japan real estate investment

Nomura investing Y340bn over three years to develop logistics facilities

Nomura investing Y340bn over three years to develop logistics facilities

MOST READ

MUFG Private REIT acquires two residences in Toshima-ku

Hankyu Hanshin Properties acquires Shinjuku office building

Nomura private REIT and Ichigo Estate exchange properties

Sekisui House, Nisshinbo Urban Development sell apartment in Minato-ku

Arozee acquires Ningyocho building for rehabilitation purposes

Daiwa House secures apartment development site in Shinagawa

List Development developing luxury hotel, “Anantara” expanding into Japan

Hulic disposes of Hiroo building

Hiroshima company acquires new Nihombashi building

Realgate planning retail and office building in Naka-Meguro

Kasumigaseki Hotel REIT to list in August with Y49.2bn AUM

Hong Kong’s Weave and U.S. KKR acquire Tokyo properties

Nippon REIT to sell three properties for Y16.8bn

Creal purchases Tsukiji hotel

Heiwa REIT acquiring two apartment buildings for Y2.3bn

Dainichi Kensetsu sells Azabu-Juban building

Jinushi to acquire tank terminal sites for over Y9bn

Showa Leasing and Nine Hours fund sells Hakata hotel

Sora-Investment acquires Kawasaki roadside retail property

Keihan Holdings developing 27,000 m2 GFA building in Kyoto

Legal tech company relocating to Harumi Island Triton Square

Nihon Highway Service moving to new Kojimachi Kousai Building

Ark Real Estate acquires office building in Kudan, Chiyoda-ku

B-Lot acquires apartment in Suita City, Osaka

Samsung Japan purchases large building in Yokohama’s Minato-Mirai

Ichigo Estate purchases Hanzomon hotel

Marubeni acquires 1,300 m2 of land in Sugamo, Toshima-ku

Nagatanien sells its HQ building in Shimbashi

Tokyo Gas purchases land in Iwamotocho and Nihombashi-Hamacho

Record High Hotel Investment Market

Fast-Growing Commercial City

MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: JULY 2025

Local Markets: Osaka

Fast-Growing Commercial City

Are there clouds over this trillion-yen market?

With Osaka absorbing a record 90,000 tsubos of new office space, prime rents have risen to around 40,000 yen per tsubo. Shinsaibashi’s retail vacancy rate is now zero, and investment has topped 1 trillion yen for the first time. The city is drawing attention thanks to strong market conditions and upcoming projects like the integrated resort (IR). Still, investor enthusiasm is tempered by concerns over volatile inbound demand, interest rates, and inflation. Value-add initiatives to boost NOI are essential to address these risks.

Analyst Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

Ichigaya setup office sold

Ichigaya setup office sold

Kenedix and Hulic invest in Seattle residence

Kasumigaseki Hotel REIT to list in August with Y49.2bn AUM

Hong Kong’s Weave and U.S. KKR acquire Tokyo properties

GLP Japan’s data center development fund procures Y350bn

MORE

DEALS

Arozee acquires Ningyocho building for rehabilitation purposes

Arozee acquires Ningyocho building for rehabilitation purposes

MUFG Private REIT acquires two residences in Toshima-ku

Hankyu Hanshin Properties acquires Shinjuku office building

Daiwa House secures apartment development site in Shinagawa

Nomura private REIT and Ichigo Estate exchange properties

MORE

PROJECTS

Realgate planning retail and office building in Naka-Meguro

Realgate planning retail and office building in Naka-Meguro

List Development developing luxury hotel, “Anantara” expanding into Japan

JR Kyushu developing rental apartment building in Osaka

Redevelopment near Kannai Station commences, led by Mitsubishi

Keihan Holdings developing 27,000 m2 GFA building in Kyoto

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TENANTS

Obic leasing at Dai-ichi Life Kyobashi Kino Terrace

Obic leasing at Dai-ichi Life Kyobashi Kino Terrace

Infonet moving to Shimbashi Tokyu Building, doubling office space

Economic Research Association moving to Mitamachi Terrace

MC Fashion moving to Osaki Twin Building West

Molex leasing in large Minato-Mirai building

MORE

STATS

Record High Hotel Investment Market

Record High Hotel Investment Market

Osaka Market Remains Strong

Real estate industry loans reach Y136tn, exceeding 18% overall

Investment Recovering Rapidly

Urban Retail Facility Rents Rise Significantly

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LOCAL

Nomura private REIT and Ichigo Estate exchange properties

Nomura private REIT and Ichigo Estate exchange properties

Meitetsu City Design acquires vacant building in Nagoya

JR Kyushu developing rental apartment building in Osaka

Nippon REIT to sell three properties for Y16.8bn

Jinushi to acquire tank terminal sites for over Y9bn

MORE

BUSINESS

JAL, Hulic to build customs warehouse near Tokyo's Narita Airport

JAL, Hulic to build customs warehouse near Tokyo's Narita Airport

Japan can expect to host up to 45m tourists this year, says Mori Trust

Japan can expect to host up to 45m tourists this year, says Mori Trust

Singapore prizes NTT REIT listing in face of Hong Kong IPO blitz

Singapore prizes NTT REIT listing in face of Hong Kong IPO blitz

Singapore's DayOne Data Centers eyes Japan, Thailand for growth

Singapore's DayOne Data Centers eyes Japan, Thailand for growth

Seibu Prince to open luxury Bangkok hotel in fiscal 2029

Seibu Prince to open luxury Bangkok hotel in fiscal 2029

Dai-ichi Life, Marubeni to launch $2.8bn Japan property fund

Dai-ichi Life, Marubeni to launch $2.8bn Japan property fund

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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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