Last Update: 04/20 2026 06:00 JST

NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

Nippon Steel Kowa acquires building, sells land in Nishi-Shimbashi
DEALS

Nippon Steel Kowa acquires building, sells land in Nishi-Shimbashi

Nippon Steel Kowa Real Estate acquired an office building in Nishi-Shimbashi, Minato-ku.

NEW
Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn
DEALS

Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn
JR East Real Estate and Itochu Property Development to merge
TRENDS

JR East Real Estate and Itochu Property Development to merge
Columbia Works acquires former nursing home in Nishi-Azabu
DEALS

Columbia Works acquires former nursing home in Nishi-Azabu
Shochiku to gain Y4.5bn from Fukuoka hotel sale
DEALS
LOCAL

Shochiku to gain Y4.5bn from Fukuoka hotel sale
First construction renaissance fund invests in two Shibuya buildings
DEALS

First construction renaissance fund invests in two Shibuya buildings

LATEST NEWS

DTS moving from Hatchobori to Ark Mori Building
TENANTS

DTS moving from Hatchobori to Ark Mori Building

NEW
Sora-Investment sells Fukuoka development site to Daikyo
DEALS
LOCAL

Sora-Investment sells Fukuoka development site to Daikyo

NEW
Dear Life acquires Nakano-ku apartment building from Es-Con
DEALS

Dear Life acquires Nakano-ku apartment building from Es-Con

NEW
Nippon Steel Kowa acquires building, sells land in Nishi-Shimbashi
DEALS

Nippon Steel Kowa acquires building, sells land in Nishi-Shimbashi

NEW
Oki Electric Industry to establish office in Takanawa Gateway City
TENANTS

Oki Electric Industry to establish office in Takanawa Gateway City
JR East Real Estate and Itochu Property Development to merge
TRENDS

JR East Real Estate and Itochu Property Development to merge
Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn
DEALS

Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn
Heureux Construction sells Shinjuku apartment to Tokyu Corp
DEALS

Heureux Construction sells Shinjuku apartment to Tokyu Corp
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EDITORS' PICK

Mitsubishi logistics REIT’s bridge fund to acquire Nagoya warehouse
DEALS
LOCAL

Mitsubishi logistics REIT’s bridge fund to acquire Nagoya warehouse

MRB1 GK, which is a special purpose company invested in by Mitsubishi Estate Logistics REIT and others, will acquire a logistics facility in Shinagawacho, Minato-ku, Nagoya City. It is a BTS-type facility developed for Amazon Japan by Mitsubishi Estate.
Nomura Real Asset Investment acquires large hotel in Namba, Osaka
DEALS
LOCAL

Nomura Real Asset Investment acquires large hotel in Namba, Osaka
LaSalle Logiport to invest in Kobe logistics facility development project
TRENDS

LaSalle Logiport to invest in Kobe logistics facility development project
Blackstone to invest $15bn in Japan over three years
BUSINESS

Blackstone to invest $15bn in Japan over three years
Mitsui & Co. sells interest in owned building in Osaka
DEALS
LOCAL

Mitsui & Co. sells interest in owned building in Osaka
Hulic to sell large mixed-use facility in Minato Mirai
DEALS

Hulic to sell large mixed-use facility in Minato Mirai
Singapore’s UI Boustead REIT lists with Koto-ku office and others
DEALS
LOCAL

Singapore’s UI Boustead REIT lists with Koto-ku office and others
Norinchukin Bank eyes Japan real estate with CBRE after huge bond loss
BUSINESS

Norinchukin Bank eyes Japan real estate with CBRE after huge bond loss
Tokyo office space supply runs low amid record demand, project delays
BUSINESS

Tokyo office space supply runs low amid record demand, project delays
CBRE IM and Nextdc to develop data center near Tokyo Tower
PROJECTS

CBRE IM and Nextdc to develop data center near Tokyo Tower

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Monthly

Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn

Mitsubishi, Shimizu to build Singapore food logistics plant

Vortex acquires Ikebukuro retail building to sell strata titles

Oki Electric Industry to establish office in Takanawa Gateway City

Artplan sells old building in Shimbashi

First construction renaissance fund invests in two Shibuya buildings

TKP expects Y11.8bn gain from sale and leaseback transaction

Marubeni Asset Management forms funds, takes group AUM over Y2tn

MBRM, CLAR to acquire data center in Kyoto

Nippon Steel Kowa to construct mixed-use building in Akasaka
Leasing Competition Shifts to Post-2027
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: APRIL 2026

Occupier Market

Leasing Competition Shifts to Post-2027

Secured tenant rate for 43 Tokyo buildings reaches 90%

The rate of formally or informally secured tenants (occupancy rate) in newly constructed large office buildings in central Tokyo continues to rise, with the market in excellent shape. The overall average occupancy rate of the 43 buildings scheduled for completion by April 2027 is 90%, up four percentage points from the previous survey conducted six months ago. Of these, 24 buildings are fully occupied, including some that are not yet complete. This represents over 50%, based on the number of buildings.

Case Study | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

JR East Real Estate and Itochu Property Development to merge

JR East Real Estate and Itochu Property Development to merge

Marubeni Asset Management forms funds, takes group AUM over Y2tn

Sumitomo Forestry and NTT Urban developing apartments in Atlanta

MLIT seeks public comment, encouraging appraisal use

Daito Trust Construction to conduct TOB for The Global
MORE

DEALS

Sora-Investment sells Fukuoka development site to Daikyo

Sora-Investment sells Fukuoka development site to Daikyo

NEW

Dear Life acquires Nakano-ku apartment building from Es-Con

NEW

Nippon Steel Kowa acquires building, sells land in Nishi-Shimbashi

NEW

Digital Securities conducts STO after acquiring Aoyama apartment for Y3.4bn

Heureux Construction sells Shinjuku apartment to Tokyu Corp
MORE

PROJECTS

Nippon Steel Kowa to construct mixed-use building in Akasaka

Nippon Steel Kowa to construct mixed-use building in Akasaka

Asahi Kasei secures development site in Akihabara vicinity

Tokyu Land developing mixed-use building in Jinnan, Shibuya-ku

Daiichi Realtor constructing hotel in Shintomi, Chuo-ku

Marubeni and Tokyu Land developing hotel in Fukuoka
MORE

TENANTS

DTS moving from Hatchobori to Ark Mori Building

DTS moving from Hatchobori to Ark Mori Building

NEW

Oki Electric Industry to establish office in Takanawa Gateway City

Fund Creation Group moving to Sengokuyama Mori Tower

Maezawa Holdings to be established in Tofrom Yaesu Tower

Tokyu Architects & Engineers moving to Osaki Riverwalk in 2027
MORE

STATS

More Expecting Downturn Phase in Six Months

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

20% of Companies Hold Idle Real Estate
MORE

LOCAL

Sora-Investment sells Fukuoka development site to Daikyo

Sora-Investment sells Fukuoka development site to Daikyo

NEW

Shochiku to gain Y4.5bn from Fukuoka hotel sale

MBRM, CLAR to acquire data center in Kyoto

Mitsui Fudosan Private REIT acquires logistics facility in Aichi

Marubeni and Tokyu Land developing hotel in Fukuoka
MORE

BUSINESS

Mitsubishi, Shimizu to build Singapore food logistics plant
BUSINESS

Mitsubishi, Shimizu to build Singapore food logistics plant
Japan homebuilders plan price hikes on higher pipe, paint costs
BUSINESS

Japan homebuilders plan price hikes on higher pipe, paint costs
SMFG and Nippon Life weigh $3bn private credit fund for deal financing
BUSINESS

SMFG and Nippon Life weigh $3bn private credit fund for deal financing
Sumitomo Forestry bets big on US housing market, eyeing local majors
BUSINESS

Sumitomo Forestry bets big on US housing market, eyeing local majors
Advantage Partners to invest $3bn over five years in Japan real estate
BUSINESS

Advantage Partners to invest $3bn over five years in Japan real estate
Central Tokyo existing-condo prices dip for 1st time in 3 years
BUSINESS

Central Tokyo existing-condo prices dip for 1st time in 3 years
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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