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National Holiday: March 20 (Fri)

TOP STORY

Hulic to sell large mixed-use facility in Minato Mirai

Hulic to sell large mixed-use facility in Minato Mirai

Hulic will sell a large mixed-use building in Sakuragicho, Naka-ku, Yokohama City.

Nomura Master Fund to sell two office buildings

Nomura Master Fund to sell two office buildings

Hulic acquires Ginza office building from Nomura

Hulic acquires Ginza office building from Nomura

Obayashi acquires interest in Fukuoka building from Sekisui House

Obayashi acquires interest in Fukuoka building from Sekisui House

Keio Realty & Development incorporates properties into its private fund

Keio Realty & Development incorporates properties into its private fund

Tokyu REIT to acquire two properties

Tokyu REIT to acquire two properties

LATEST NEWS

Nomura Master Fund to sell two office buildings

Nomura Master Fund to sell two office buildings

Hulic to sell large mixed-use facility in Minato Mirai

Hulic to sell large mixed-use facility in Minato Mirai

Daiwa House secures office development site in Shiba, Minato-ku

Daiwa House secures office development site in Shiba, Minato-ku

Hulic acquires Ginza office building from Nomura

Hulic acquires Ginza office building from Nomura

Obayashi acquires interest in Fukuoka building from Sekisui House

Obayashi acquires interest in Fukuoka building from Sekisui House

Tokyu REIT to acquire two properties

Tokyu REIT to acquire two properties

Keio Realty & Development incorporates properties into its private fund

Keio Realty & Development incorporates properties into its private fund

Mitsubishi developing rental apartment building in Asakusa

Mitsubishi developing rental apartment building in Asakusa

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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

Keio Realty & Development incorporates properties into its private fund

Tokyu REIT to acquire two properties

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

SPC backed by Sosila Logistics REIT to acquire three logistics facilities

JRE to additionally acquire ownership interest in Shinjuku building

Temple University acquires Kawasaki office building

Sala acquires Aichi apartment buildings from Ichigo Private REIT

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

Building along Hongo-dori Street in Bunkyo-ku sold

Frank acquires apartment building in Nezu, Bunkyo-ku

Orix JREIT to conduct asset replacement worth Y28.5bn

FPG acquires Shinsaibashi building and part of Roppongi Hills Mori Tower

Sky Field Corp moving to IT Tower Tokyo

Hulic REIT to sell five network centers for Y8bn

Avalsec’s SPC developing luxury hotel in Ginza

Tokyo Office Rents to Rise 16% Over Next Five Years

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

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

JRE to additionally acquire ownership interest in Shinjuku building

US startup offers furnished apartments in Tokyo for digital nomads

A.D. Works purchases new Jingumae retail building

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

Ginsen secures 986 m2 of land near Kanda Station

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

Tokyo Trust Capital acquires newly built office in Hatchobori

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

Sun Frontier acquires Tsukiji building from Hulic

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

MORE

DEALS

Nomura Master Fund to sell two office buildings

Nomura Master Fund to sell two office buildings

Hulic to sell large mixed-use facility in Minato Mirai

Daiwa House secures office development site in Shiba, Minato-ku

Hulic acquires Ginza office building from Nomura

Obayashi acquires interest in Fukuoka building from Sekisui House

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

MORE

LOCAL

Nomura Master Fund to sell two office buildings

Nomura Master Fund to sell two office buildings

Obayashi acquires interest in Fukuoka building from Sekisui House

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

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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