Top - NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

Nomura disposes of office building near Kanda Station

Nomura disposes of office building near Kanda Station

Nomura Real Estate Development sold an office building in Kanda-Higashimatsushitacho, Chiyoda-ku.

Heiwa REIT to sell two apartments in Nishi-Shinjuku

Heiwa REIT to sell two apartments in Nishi-Shinjuku

KDX Realty REIT sells office building in Utsunomiya City

KDX Realty REIT sells office building in Utsunomiya City

Jinushi acquires site being leased for Aeon in Mie Prefecture

Jinushi acquires site being leased for Aeon in Mie Prefecture

List Development acquires new apartment building in Setagaya-ku

List Development acquires new apartment building in Setagaya-ku

NTT Urban acquires Kanda office building

NTT Urban acquires Kanda office building

LATEST NEWS

Loadstar Capital sells Itabashi-ku retail building

Loadstar Capital sells Itabashi-ku retail building

Nomura disposes of office building near Kanda Station

Nomura disposes of office building near Kanda Station

Itochu developing shared residence in Setagaya-ku

Itochu developing shared residence in Setagaya-ku

Tosei REIT acquiring apartment building in Yokohama City

Tosei REIT acquiring apartment building in Yokohama City

PAG eyes up to $12bn in Japan real estate, private equity deals: president

PAG eyes up to $12bn in Japan real estate, private equity deals: president

KDX Realty REIT sells office building in Utsunomiya City

KDX Realty REIT sells office building in Utsunomiya City

Heiwa REIT to sell two apartments in Nishi-Shinjuku

Heiwa REIT to sell two apartments in Nishi-Shinjuku

Haseko developing apartment in Osaka

Haseko developing apartment in Osaka

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EDITORS' PICK

Mitsubishi logistics REIT’s bridge fund to acquire Nagoya warehouse

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

Nomura Real Asset Investment acquires large hotel in Namba, Osaka

LaSalle Logiport to invest in Kobe logistics facility development project

LaSalle Logiport to invest in Kobe logistics facility development project

Blackstone to invest $15bn in Japan over three years

Blackstone to invest $15bn in Japan over three years

Mitsui & Co. sells interest in owned building in Osaka

Mitsui & Co. sells interest in owned building in Osaka

Hulic to sell large mixed-use facility in Minato Mirai

Hulic to sell large mixed-use facility in Minato Mirai

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

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

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

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

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

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

CBRE IM and Nextdc to develop data center near Tokyo Tower

CBRE IM and Nextdc to develop data center near Tokyo Tower

MOST READ

Sumitomo Mitsui Trust partners with US fund on alternative investments

List Development acquires new apartment building in Setagaya-ku

Haseko developing apartment in Osaka

Jinushi acquires site being leased for Aeon in Mie Prefecture

Marubeni and others developing hotel near Okinawa Prefectural Office

JAIC asset management subsidiary strengthens with external capital investment

NTT Urban acquires Kanda office building

Tokyo condo boom cools off as interest rates rise

Rebita sells Komagome building to joint fund with DBJ

Daiwa House to build 1,490 m2 GFA hotel in Akihabara

JR Central subsidiary moving Tokyo HQ to Ave. Takanawa

Sanwa-Juhan developing office building in Umeda, Osaka City

IIF to acquire two logistics facility leased sites

Dai-ichi Life Diversified REIT acquires Saitama electronics retail store

Mori Building-affiliated asset management companies to merge

REIT Starts Proceed to sell apartment building in Edogawa-ku

Admiral acquires two buildings in Chiyoda-ku

Seino Transportation developing apartment building in Nihombashi-Hamacho

Daiwa Securities Living REIT to sell two Nagoya apartments

Daiwa House Industry to construct hotel in Ueno vicinity

JR Central subsidiary moving Tokyo HQ to Ave. Takanawa

Sanwa-Juhan developing office building in Umeda, Osaka City

IIF to acquire two logistics facility leased sites

Dai-ichi Life Diversified REIT acquires Saitama electronics retail store

Mori Building-affiliated asset management companies to merge

REIT Starts Proceed to sell apartment building in Edogawa-ku

Admiral acquires two buildings in Chiyoda-ku

Sohgo Housing developing apartment building in Meguro-ku

Saison Realty developing apartment building in Osaka

Seino Transportation developing apartment building in Nihombashi-Hamacho

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

JAIC asset management subsidiary strengthens with external capital investment

JAIC asset management subsidiary strengthens with external capital investment

Mori Building-affiliated asset management companies 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

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DEALS

Loadstar Capital sells Itabashi-ku retail building

Loadstar Capital sells Itabashi-ku retail building

Nomura disposes of office building near Kanda Station

Tosei REIT acquiring apartment building in Yokohama City

KDX Realty REIT sells office building in Utsunomiya City

Heiwa REIT to sell two apartments in Nishi-Shinjuku

MORE

PROJECTS

Itochu developing shared residence in Setagaya-ku

Itochu developing shared residence in Setagaya-ku

Haseko developing apartment in Osaka

Marubeni and others developing hotel near Okinawa Prefectural Office

Daiwa House to build 1,490 m2 GFA hotel in Akihabara

SRE Holdings developing apartment building in Toshima-ku

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TENANTS

NBI Holdings moving to Imperial Hotel Tower, expanding office

NBI Holdings moving to Imperial Hotel Tower, expanding office

JR Central subsidiary moving Tokyo HQ to Ave. Takanawa

Sumitomo Mitsui Trust Panasonic Finance to restructure and relocate

JTB to relocate from Higashi-Shinagawa to Shiodome City Center

DTS moving from Hatchobori to Ark Mori Building

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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

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LOCAL

Haseko developing apartment in Osaka

Haseko developing apartment in Osaka

Jinushi acquires site being leased for Aeon in Mie Prefecture

Marubeni and others developing hotel near Okinawa Prefectural Office

Kyuden Private REIT acquires hotel in Tenjin, Fukuoka City

IIF to acquire two logistics facility leased sites

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BUSINESS

PAG eyes up to $12bn in Japan real estate, private equity deals: president

PAG eyes up to $12bn in Japan real estate, private equity deals: president

Railway operator Nishitetsu to develop over 20,000 homes in Vietnam

Railway operator Nishitetsu to develop over 20,000 homes in Vietnam

Mitsubishi buys Singapore provider of furnished housing

Mitsubishi buys Singapore provider of furnished housing

Sumitomo Mitsui Trust partners with US fund on alternative investments

Sumitomo Mitsui Trust partners with US fund on alternative investments

Tokyo condo boom cools off as interest rates rise

Tokyo condo boom cools off as interest rates rise

Singapore's GIC wants to help Japan Inc. thrive, CEO says

Singapore's GIC wants to help Japan Inc. thrive, CEO says

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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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