Top - NIKKEI REAL ESTATE MARKET REPORT

TOP STORY

Sun Frontier purchases Shintomi office building from Mitsubishi

Sun Frontier purchases Shintomi office building from Mitsubishi

Real estate company Sun Frontier Fudousan acquired an office building in Shintomi, Chuo-ku. The seller was Mitsubishi Estate Residence.

Nomura developing hotel near Sensoji Temple

Nomura developing hotel near Sensoji Temple

Chuo-Nittochi and Toyo Real Estate to develop 160,000 m2 complex at Toranomon Intersection

Chuo-Nittochi and Toyo Real Estate to develop 160,000 m2 complex at Toranomon Intersection

Nippon Steel Kowa developing hotel in Namba, Osaka

Nippon Steel Kowa developing hotel in Namba, Osaka

Mitsubishi developing nursing home in Ota-ku

Mitsubishi developing nursing home in Ota-ku

A.D. Works acquires Osaka apartment building

A.D. Works acquires Osaka apartment building

LATEST NEWS

Nomura developing hotel near Sensoji Temple

Nomura developing hotel near Sensoji Temple

Sun Frontier purchases Shintomi office building from Mitsubishi

Sun Frontier purchases Shintomi office building from Mitsubishi

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

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

Terilogy Holdings relocating to Front Place Kanda-Jimbocho

Terilogy Holdings relocating to Front Place Kanda-Jimbocho

Sojitz Residential Partners sells minpaku apartment building in Ota-ku

Sojitz Residential Partners sells minpaku apartment building in Ota-ku

Chuo-Nittochi and Toyo Real Estate to develop 160,000 m2 complex at Toranomon Intersection

Chuo-Nittochi and Toyo Real Estate to develop 160,000 m2 complex at Toranomon Intersection

Pia to relocate to Shibuya-ku Dogenzaka 2-Chome Project

Pia to relocate to Shibuya-ku Dogenzaka 2-Chome Project

Mitsubishi developing apartment building with coworking spaces in Ota-ku

Mitsubishi developing apartment building with coworking spaces in Ota-ku

MORE

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

Nippon Steel Kowa developing hotel in Namba, Osaka

Mitsubishi developing apartment building with coworking spaces in Ota-ku

Chugai Pharmaceutical to relocate and consolidate six offices

A.D. Works acquires Osaka apartment building

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

M&A Capital Partners to move to Torch Tower

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

Mitsubishi developing nursing home in Ota-ku

Keihan Real Estate developing hotel in Osaka

Marubeni Private REIT acquires Chuo-ku serviced office facility

Nissan company town outside Tokyo thrives 30 years after plant closure

Hulic acquires logistics facility in Las Vegas, U.S.

Nishitetsu developing for-sale condominiums near Manila, Philippines

CBRE IM and Nextdc to develop data center near Tokyo Tower

Tokyo Metro subsidiary acquires apartment in Nerima-ku

Mitsubishi developing office building near Shinjuku Station

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

A.D. Works disposes of Shinkawa, Chuo-ku building

Sankei Building acquires closed building in Shibuya vicinity

Sports content distributor Dazn moving to Tofrom Yaesu Tower

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

MORE

DEALS

Sun Frontier purchases Shintomi office building from Mitsubishi

Sun Frontier purchases Shintomi office building from Mitsubishi

Sojitz Residential Partners sells minpaku apartment building in Ota-ku

A.D. Works acquires Osaka apartment building

One REIT to acquire six properties for approximately Y30bn

Cosmos Initia purchases Gotanda office building

MORE

PROJECTS

Nomura developing hotel near Sensoji Temple

Nomura developing hotel near Sensoji Temple

Chuo-Nittochi and Toyo Real Estate to develop 160,000 m2 complex at Toranomon Intersection

Mitsubishi developing apartment building with coworking spaces in Ota-ku

Nippon Steel Kowa developing hotel in Namba, Osaka

Keihan Real Estate developing hotel in Osaka

MORE

TENANTS

Terilogy Holdings relocating to Front Place Kanda-Jimbocho

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

Chugai Pharmaceutical to relocate and consolidate six offices

Bearing manufacturer Jtekt relocating Tokyo office to Tamachi Tower

MORE

STATS

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops

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

Office Demand Flows Outside

MORE

LOCAL

Nippon Steel Kowa developing hotel in Namba, Osaka

Nippon Steel Kowa developing hotel in Namba, Osaka

Keihan Real Estate developing hotel in Osaka

A.D. Works acquires Osaka apartment building

One REIT to acquire six properties for approximately Y30bn

LaSalle Logiport to sell logistics facilities in Aichi for Y11.4bn

MORE

BUSINESS

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

Mitsubishi acquires Tokyo office building from Dentsu

Mitsubishi acquires Tokyo office building from Dentsu

Mitsui Fudosan to launch India condominium project

Mitsui Fudosan to launch India condominium project

MORE

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

MORE