Last Update: 05/07 2021 13:00 JST

Samty acquires retail building in Nihombashi-Bakurocho

Real estate company Samty acquired a retail building in Nihombashi-Bakurocho, Chuo-ku. The seller was...

Takara Leben developing office, retail building in Nihombashi

Takara Leben will construct a building consisting of offices, stores and restaurants in Nihombashi, Chuo-ku. Construction will start in June 2021, with completion targeted for November 2022.

Nomura developing 64,000m2 GFA logistics facility in Toda City, Saitama

Nomura Real Estate Development will start development of a logistics facility in Kawagishi, Toda City, Saitama Prefecture. The structure will have four floors above ground with 64,254 m2 of gross floor area. Completion is targeted for August 2023.

Mitsubishi Estate makes $2bn push into US data centers

Mitsubishi Estate aims to build seven U.S. data centers near Washington by around the end of the decade at an estimated cost of 200 billion yen [$1.83 billion].

Industrial Fund selling data centers in Shinagawa and Zama

Industrial & Infrastructure Fund (IIF), a REIT affiliated with trading firm Mitsubishi Corporation, decided to sell two properties, which are data centers in Shinagawa-ku and Zama City, Kanagawa Prefecture.

Japan Metropolitan Fund to acquire private REIT investment units

Japan Metropolitan Fund will acquire the investment units of Nisshin Private Residential REIT (NSPR).



Past Monthly Reports
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Vacancy Nightmare to Be Avoided

Floor reductions due to telework, but forecast of limited impact
Due to the spread of telework, some companies have started to reduce leased office area. In order to investigate the impact on the rental office market, Nikkei Real Estate Market Report estimated the vacancy rate and advertised rent for the next three years with the cooperation of Commercial Property Research Institute. As a result, even the maximum vacancy rate will be 6.2%. Although the rent will be bearish, it seems that a significant fluctuation causing market congestion can be avoided.
Occupier Market | Deals Roundup | Relocation Update | News Digest

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