Category: Real Estate
How long does waterproof vinyl flooring last?
Choosing the right flooring is an important investment for any home or commercial space. Among the most popular options today, waterproof vinyl flooring has gained[more...]
Lotte plans to 10x hotel operations in Japan – JAPAN PROPERTY CENTRAL K.K.
Lotte Holdings plans to expand its operations in Japan to 20 hotels and 4,500 rooms under management by 2034, leveraging its decades of experience as[more...]
JR to develop rental office building in Kyushu semiconductor hotspot – JAPAN PROPERTY CENTRAL K.K.
Kyushu Railway Company, aka JR Kyushu, is developing a 7-story rental office building near the JR Higo-Ozu Station in Ozu Town, Kumamoto. The building will[more...]
Land prices continue to increase across the board – JAPAN PROPERTY CENTRAL K.K.
Japan’s land prices increased for the sixth straight quarter, according to the latest LOOK Report published by the Ministry of Land, Infrastructure, Transport, and Tourism[more...]
Honda announces partial sale of Aoyama HQ – JAPAN PROPERTY CENTRAL K.K.
Honda Motor is transferring partial ownership of its Honda Aoyama Building to Mitsui Fudosan Residential, according to a press release issued by the developer on[more...]
Data center opens in abandoned school building – JAPAN PROPERTY CENTRAL K.K.
A Tokyo-based cloud service provider has opened a GPU data center inside a former elementary school building in Saga, Kyushu. This is the first school[more...]
Group seeks temporary court injunction to stop demolition of brutalist gymnasium – JAPAN PROPERTY CENTRAL K.K.
On August 26, a group aiming to restore and revitalize the Kenzo Tange-designed Kagawa Prefectural Gymnasium in Takamatsu City announced plans to file a provisional[more...]
Niseko land fraud claim puts town’s water supply at risk – JAPAN PROPERTY CENTRAL K.K.
The town of Niseko has found itself in a court battle after a former landowner claimed that a large parcel of land had been sold[more...]
Next-gen logistics hub planned for former US Naval facility – JAPAN PROPERTY CENTRAL K.K.
Mitsubishi Estate, Tokyu Land, and CRE are jointly developing a 700,000 square meter next-generation logistics facility on a former U.S. Naval facility in Yokohama. The[more...]
Apartment rents reach record high in Tokyo, decline elsewhere – JAPAN PROPERTY CENTRAL K.K.
The average asking rent of an apartment in Tokyo’s 23 wards reached a record high of 4,851 Yen per square meter in July. This is[more...]
Co-living property in Osaka 80% pre-leased before opening – JAPAN PROPERTY CENTRAL K.K.
Global Agents, the operator of ‘social apartments’ or co-living housing, opened its first property in Osaka City on August 9 in collaboration with the West[more...]
Mizuho launches fund targeting older buildings – JAPAN PROPERTY CENTRAL K.K.
Mizuho Financial Group announced the establishment of a new value-add fund to acquire aging buildings over 20 years old and improve their environmental performance. The[more...]
Ukai completes sale of Hakone glass museum – JAPAN PROPERTY CENTRAL K.K.
On August 7, Ukai, the operator of fine-dining restaurants around the greater Tokyo area, announced the sale of the operating rights of the Hakone Venetian[more...]
Japan Air Lines to open auberge-style hotels across Japan – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Development moving forward for Shirokane high-rise condo – JAPAN PROPERTY CENTRAL K.K.
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Yokohama hotel sold to storage operator – JAPAN PROPERTY CENTRAL K.K.
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Japan’s hotels struggle to keep up with surge in inbound tourism – JAPAN PROPERTY CENTRAL K.K.
Japan’s hotel industry continues to hit new strides as inbound tourism reaches new highs, but may be facing a supply crunch. Among the 13 publicly[more...]
Mitsui to double investment in data centers – JAPAN PROPERTY CENTRAL K.K.
Mitsui Fudosan has announced plans to invest an additional 300 billion Yen (US$2 billion) in data center development by 2035, doubling down on its commitment[more...]
Construction costs hit record high in Okinawa while nationwide starts hits 58-year low – JAPAN PROPERTY CENTRAL K.K.
Construction costs in Okinawa reached a record high of 298,900 Yen per square meter in 2024, the highest level since record-keeping began in 2014 and[more...]
Japan’s tallest hybrid-timber tenant office building completed last month – JAPAN PROPERTY CENTRAL K.K.
On July 23, Dai-Ichi Life announced the completion of a timber and steel hybrid office building in Tokyo’s Kyobashi address. At a height of 56[more...]
Construction firm offers rent-to-own scheme for akiya homes – JAPAN PROPERTY CENTRAL K.K.
Rent an ‘akiya’ for ten years and it’s yours. That’s what one construction company in Miyagi Prefecture is offering under its recently-introduced rent-to-own business. The[more...]
Tokyo apartment rents hit new high in June – JAPAN PROPERTY CENTRAL K.K.
Asking rents in Tokyo’s 23 wards reached 4,803 Yen per square meter in June, up 2.4% from the previous month and up 10.8% from last[more...]
JAL and Hulic to build Japan’s largest bonded warehouse near Narita Airport – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Five-year resale ban proposed to stop condo flipping in central Tokyo – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Chiyoda Ward is requesting that developers impose a 5-year resale ban on new condo sales in an effort to curb speculation from foreign buyers[more...]
Anantara resort to open in Karuizawa – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Tensions rise over minpaku conversions – JAPAN PROPERTY CENTRAL K.K.
Short-term rental conversions are becoming a growing source of tension in Japan’s multi-family sector, with some landlords attempting to illegally force out long-term tenants to[more...]
REIT swaps resi assets with student housing operator – JAPAN PROPERTY CENTRAL K.K.
Tokaido REIT is swapping student housing and multi-family assets with a student housing operator, with the deals to take place over the next three months.[more...]
Office vacancy rates shrink while Marunouchi’s rents reach record high – JAPAN PROPERTY CENTRAL K.K.
The office vacancy rate in central Tokyo’s five business districts reached a 57-month low, dropping to 3.56% in May, according to office brokerage Miki Shoji.[more...]
Our 2025 Q2 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Rental hikes, inflationary pressures, and a recovering office market. It was a quarter of recovery for many sub-sectors of Japan’s real estate market. Our Japan[more...]
Themepark operator acquires 1,000-ha resort operator in Izu – JAPAN PROPERTY CENTRAL K.K.
A theme park developer and operator has acquired Izu Kanko Kaihatsu Co., Ltd. from Tokyu Land Corporation in a share buyout. The Shizuoka-based company, established[more...]
REIT disposes of R&D building at 18% loss – JAPAN PROPERTY CENTRAL K.K.
NTT UD REIT Investment Corporation sold its share of the Research & Development building in the Kanagawa Science Park at a 1.143 billion Yen loss[more...]
Japan nationwide ‘rosenka’ land values increase for 4th year in a row – JAPAN PROPERTY CENTRAL K.K.
The ‘rosenka’ or roadside land values across Japan increased by an average of 2.7% in 2025, expanding on a 2.3% increase in 2024 and a[more...]
Abandoned hotel in Shimoda to be demolished – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Build-to-rent developers going bathless in Japan? – JAPAN PROPERTY CENTRAL K.K.
There has been a long-held belief that apartments with full bath tubs are a lot easier to lease out than ones with just showers, no[more...]
Multi-family value add project in Tokyo leads to 35% increase in rent – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Does Fukuoka’s luxury build-to-rent market have a limit? – JAPAN PROPERTY CENTRAL K.K.
Fukuoka’s city center is seeing an influx of high-end rental listings as landlords target increasingly affluent tenants. While the city’s growth is creating pockets of[more...]
Sagamihara City aiming to become the next data center hub – JAPAN PROPERTY CENTRAL K.K.
With electrical supply struggling to keep up with growing demand, Chiba’s Inzai City, also known as ‘Data Center Ginza’, may be overtaken by other cities[more...]
Landlord develops foreign student-only rental apartment building – JAPAN PROPERTY CENTRAL K.K.
Foreign students in Japan can often have a hard time finding rental housing due to discrimination and a leasing system that favors local and established[more...]
Hakuba residents prefer curbs on land use to avoid becoming the second Niseko – JAPAN PROPERTY CENTRAL K.K.
A recent survey of 2,000 residents carried out by Hakuba Village found that approximately 60% of them believe there should be stronger restrictions in place[more...]
J-REIT acquires Fukuoka hotel – JAPAN PROPERTY CENTRAL K.K.
The Nomura Real Estate Master Fund (NMF) is acquiring a 68-room hotel in Fukuoka for 3.8 billion Yen, or around 55.9 million Yen per key.[more...]
Redevelopment plans announced for Grand Prince Hotel Shin Takanawa – JAPAN PROPERTY CENTRAL K.K.
On June 6, Seibu Real Estate released details on the redevelopment plans for the Grand Prince Hotel Shin Takanawa on the western side of Shinagawa[more...]
Daiwa adds three properties to condo-hotel line up – JAPAN PROPERTY CENTRAL K.K.
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Capsule hotel to open in Beppu Tower – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Luxury hotel coming to Koshu’s wine valley – JAPAN PROPERTY CENTRAL K.K.
Marriott International is planning to open a hotel in Koshu Valley, a famous wine region in Yamanashi Prefecture. Koshu City has struggled with a shortage[more...]
Meguro ward to relax building height limits – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Meguro ward is considering relaxing building height limits to encourage developers to build more energy-efficient housing. Typically, discussions over height regulations have revolved around[more...]
Rental housing options for older tenants more than doubles – JAPAN PROPERTY CENTRAL K.K.
The number of rental homes and apartments that welcome older tenants, defined as those over the age of 65, has doubled over the past few[more...]
More office buildings stuck with long-term vacancies – JAPAN PROPERTY CENTRAL K.K.
A research report by the Nikkei Shimbun newspaper has found a sharp increase in the number of large office buildings facing long periods of relatively[more...]
Nissan Motor may sell global HQ building in Yokohama – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Tokyo apartment rents see 6.8% y-o-y increase – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Nissan to close two plants in Kanagawa – JAPAN PROPERTY CENTRAL K.K.
By 2027, Nissan Motor is considering the closure of seven plants worldwide, two of which are located in Kanagawa Prefecture. This follows news that the[more...]
Hilton to open above Akasaka Station – JAPAN PROPERTY CENTRAL K.K.
Mitsubishi Estate, TSB Holdings, and Hilton announced that the 174-room Canopy by Hilton Tokyo Akasaka is planned for the Akasaka 2•6 Chome District Redevelopment above[more...]
Tokyo’s Koto ward to tighten rules on data center development – JAPAN PROPERTY CENTRAL K.K.
With growing demand for data center projects, driven largely by the expansion of cloud services and generative AI, and increasing tensions with local residents, Tokyo’s[more...]
Tokyo’s Chuo City to start buying up old akiya – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s Chuo City has started a program to acquire land with old ‘akiya’ or vacant homes that are at risk of collapsing or spreading fire[more...]
Office rents increase in Tokyo’s Grade A and C buildings – JAPAN PROPERTY CENTRAL K.K.
Rents for Grade A office in central Tokyo have recovered to 2021 levels, according to Sanko Estate and the NLI Research Institute. Average monthly office[more...]
Tokyo’s largest subway operator to launch hotel brand – JAPAN PROPERTY CENTRAL K.K.
Tokyo Metro, operator of Tokyo’s largest subway system, is launching its own hotel brand and operations utilizing land it owns around major train stations and[more...]
Beppu hotels acquired by Tokyo based real estate companies – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Hoshino Resorts launches mountain hiking hotel brand – JAPAN PROPERTY CENTRAL K.K.
Hoshino Resorts, operator of a number of ryokan and hotels, has launched a new hotel brand centred around mountain resorts. The goal of the LUCY[more...]
Rental growth in Tokyo reaches 30-year high – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s rental growth reached a 30-year high in March, with the Consumer Price Index (CPI) for privately-rented housing showing a 1.1% year-on-year increase. This is[more...]
Niseko developer faces court-issued bankruptcy order – JAPAN PROPERTY CENTRAL K.K.
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Our 2025 Q1 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
This quarter’s report explores the ongoing recovery in the office market, the impact of inflation on the multi-family sector (along with some opportunities), the surge[more...]
Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka – JAPAN PROPERTY CENTRAL K.K.
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%), Osaka City (+11.6%), and Fukuoka[more...]
Hotel bookings up as Osaka expo approaches – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Hotel bookings up as Osaka expo approaches – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka – JAPAN PROPERTY CENTRAL K.K.
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%), Osaka City (+11.6%), and Fukuoka[more...]
Nagoya hotel sells for 7.7 billion Yen – JAPAN PROPERTY CENTRAL K.K.
One REIT acquired the trust beneficiary rights to the Comfort Inn Nagoya Sakae Ekimae hotel in March for 7.74 billion Yen. This is the REIT’s[more...]
Shinagawa office sells for 5.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
250m tall tower to transform Yaesu’s office market – JAPAN PROPERTY CENTRAL K.K.
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station. TOFROM Yaesu is a 250-meter[more...]
Foreign tourists now majority of hotel guests in Tokyo and Kyoto – JAPAN PROPERTY CENTRAL K.K.
Foreign tourists spent 41.5% more nights in hotels in 2024 compared to 2019, according to the Japan Tourism Agency. Total nights by domestic and foreign[more...]
Hino sells off additional factory land for over 34 billion Yen – JAPAN PROPERTY CENTRAL K.K.
On February 28, Hino Motors announced the sale of a portion of its land holdings to a real estate developer. The sale price was not[more...]
Hotel owner looks to sell 205-room Okinawa property – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Japan’s land prices rise for four consecutive quarters – JAPAN PROPERTY CENTRAL K.K.
For the past four quarters, land prices rose across all surveyed locations in major cities, according to the latest quarterly LOOK report published by the[more...]
Group wins bid for Minato Mirai sites in Yokohama – JAPAN PROPERTY CENTRAL K.K.
Yokohama City has selected a group to develop two adjoining land parcels in the Minato Mirai waterfront district. The group signed a land purchase agreement[more...]
180m tall office tower completed in Toranomon – JAPAN PROPERTY CENTRAL K.K.
Construction of Toranomon Alcea Tower was officially completed on February 14, though tenant move-ins are expected to begin towards the end of the year. The[more...]
REIT acquires minpaku building in Osaka – JAPAN PROPERTY CENTRAL K.K.
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Tokyo apartment rents increase 1.6% y-o-y – JAPAN PROPERTY CENTRAL K.K.
The average advertised rent of condo-type apartments in Tokyo’s 23 wards reached 4,332 Yen/m2 in January, according to Tokyo Kantei. This is a 0.9% increase[more...]
Malaysian developer backs out of Okinawa resort project – JAPAN PROPERTY CENTRAL K.K.
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Fukui opening up waterfront sites to bids from hotel developers – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
ADR for Kyoto hotels hits record high in 2024 – JAPAN PROPERTY CENTRAL K.K.
Hotel occupancy rates in Kyoto may have yet to recover to 2019 levels, but ADRs have reached new highs. The Kyoto City Tourism Association reported[more...]
1200-person staff accommodation to be built in Niseko – JAPAN PROPERTY CENTRAL K.K.
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Toyota acquires office building near Tokyo Tower – JAPAN PROPERTY CENTRAL K.K.
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ANA Crowne Plaza Osaka to close in October – JAPAN PROPERTY CENTRAL K.K.
ANA Crowne Plaza Osaka, an IHG Hotel, is closing its doors on October 15, coinciding with the end of the building’s fixed-term lease. This content[more...]
Hotelier buys historic ryokan in hot spring town – JAPAN PROPERTY CENTRAL K.K.
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Resort operator wins bid for Tomonoura island hotel – JAPAN PROPERTY CENTRAL K.K.
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Greater Tokyo’s population sees net increase for 29th year in a row – JAPAN PROPERTY CENTRAL K.K.
Greater Tokyo (Tokyo, Saitama, Chiba, and Kanagawa prefectures) saw a net inflow of 135,843 residents in 2024, up 7.4% from 2023’s figures and the 29th[more...]
Mitsubishi opens Hmlet-branded co-living apartment building in Ikebukuro – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Zushi’s newest rental priced 40% higher than its competitors – JAPAN PROPERTY CENTRAL K.K.
Over the summer, a luxury rental apartment building along the coast in Zushi was completed. The 5-story, 27-unit building is targeting tenants from Tokyo and[more...]
REIT acquires Hilton Fukuoka Sea Hawk for 64 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
REIT sells 50% ownership of Shinagawa office tower – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Hotel in Nozawa Onsen takes heat for height – JAPAN PROPERTY CENTRAL K.K.
A high-rise hotel planned in the historic Nozawa Onsen village is causing a stir, according to a recent article in the Shinano Mainichi Shimbun newspaper.[more...]
REIT acquires two Mimaru hotels – JAPAN PROPERTY CENTRAL K.K.
ORIX JREIT is acquiring two serviced-apartment style hotels in Osaka and Kyoto for 7.85 billion Yen (approx. US$50 million). The price per key is 132.5[more...]
Foreign buyers account for 2% of real estate transactions near important military sites – JAPAN PROPERTY CENTRAL K.K.
On December 23, the Japanese government announced the results of an investigation into land and real estate purchases in the vicinity of important military defense[more...]
Hoshino REIT acquires KAI Poroto in Hokkaido – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Imperial Theatre redevelopment plans announced – JAPAN PROPERTY CENTRAL K.K.
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a[more...]
Our 2024 Q4 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Record deals, record tourist numbers, and record hotel pricing. It was a record quarter for Japan’s real estate market. Our Japan Real Estate Market Report[more...]
Will new listing disclosure rules be enough to stamp out agent bad practices? – JAPAN PROPERTY CENTRAL K.K.
This year, the government is cracking down on the naughty and widespread practice whereby listing brokers will intentionally prevent buyer-side brokers from bringing in buyers.[more...]
Hulic to redevelop former Mizuho Bank building in Omotesando – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Office Holidays – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Ski resorts that won’t be operating this winter – JAPAN PROPERTY CENTRAL K.K.
Each year, a number of ski resorts across Japan cease operations. These closures are often due to shrinking visitor numbers, rising operational and maintenance costs,[more...]
Gap remains between asking rents and tenant budgets in Tokyo – JAPAN PROPERTY CENTRAL K.K.
With inflation-adjusted real wages remaining stagnant in Japan, how have residential rents in major cites been faring? If you only look at advertised rents, year-on-year[more...]
Shirahama beachfront onsen to go up for sale in January – JAPAN PROPERTY CENTRAL K.K.
A town-owned onsen hotel in Wakayama Prefecture’s Shirahama district will go up for sale next month, with an appraised value of just 7.6 million Yen[more...]
Rents have doubled in this Hokkaido city – JAPAN PROPERTY CENTRAL K.K.
The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and land prices doubling and vacancy[more...]
Seto Island Sea chosen as location for Hilton’s second LXR hotel – JAPAN PROPERTY CENTRAL K.K.
Hilton is planning to open a luxury 60-room hotel on a waterfront site in Miyajima, Hiroshima, in 2028. Hirogin Holdings, parent company of Hiroshima Bank,[more...]
Pullman Hotel announced for former Nakagin Capsule Tower site in Ginza – JAPAN PROPERTY CENTRAL K.K.
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30% of developers postponing building redevelopment projects, survey says – JAPAN PROPERTY CENTRAL K.K.
Amid rising material costs and a shortage of labour in the construction industry, over 30% of Built To Rent-type developers are reportedly delaying or revising[more...]
Central Tokyo’s office vacancy rate drops to 48-month low – JAPAN PROPERTY CENTRAL K.K.
Tokyo’s office market continues to show signs of gradual recovery as vacancy rates improve and rents stabilize. While bayside submarkets continue to struggle with high[more...]
Niseko ramping up for record-breaking ski season – JAPAN PROPERTY CENTRAL K.K.
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REIT sells 302-room Osaka hotel for 7.75 billion Yen – JAPAN PROPERTY CENTRAL K.K.
Ichigo Hotel REIT has sold a 302-room hotel in Osaka to an unnamed buyer for 7.75 billion Yen (US$50 million), 2% more than the REIT[more...]
Tokyo developer buys site near Furano ski slopes – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Over 50% of households in Tokyo will be single-occupants by 2050 – JAPAN PROPERTY CENTRAL K.K.
By 2050, the share of single-occupant households in Tokyo is expected to reach a record high of 54.1%, according to the National Institute of Population[more...]
Construction giant enters data center business – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
University acquires Hilltop Hotel – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Kyoto hotel revenues increase while domestic guest numbers decline – JAPAN PROPERTY CENTRAL K.K.
According to the Kyoto City Tourism Association, the average operating ratio across the 109 hotels surveyed was 76.7% in September. This was a 1 point[more...]
Lingerie company pondering sale of Omotesando building – JAPAN PROPERTY CENTRAL K.K.
Lingerie company Wacoal Holdings is looking to offload its non-core real estate assets, as reported by the Nikkei Shimbun. And one of those assets might[more...]
Luxury hot spring hotel to open on 13.5ha site in Hakone – JAPAN PROPERTY CENTRAL K.K.
Mitsui Fudosan and Mitsui Fudosan Resort Management are opening a luxury hot spring hotel on a 13.5 hectare site in Hakone in 2026. Hotel The[more...]
Sapporo’s office vacancy rate is on the rise – JAPAN PROPERTY CENTRAL K.K.
The office vacancy rate in Sapporo’s business district has recently hit an eight-year high. According to Miki Shoji, the vacancy rate was 4.08% in September[more...]
20% of ‘kyu-taishin’ wooden buildings collapsed in Noto Earthquake – JAPAN PROPERTY CENTRAL K.K.
Almost 20% of wooden buildings built to the old earthquake codes (pre-1981) were destroyed in the 2024 Noto Earthquake that occurred on January 1, according[more...]
Demolition to start on Shibuya 2 Chome multi-block project site – JAPAN PROPERTY CENTRAL K.K.
The Shibuya 2 Chome West District Redevelopment project will kick off in a few months. This project includes National Strategic Housing, giving it a boost[more...]
Construction starts on senior-residence rental in Meguro – JAPAN PROPERTY CENTRAL K.K.
Last month, Nomura Real Estate Development and Nomura Real Estate Wellness started construction on a senior-housing rental apartment building in Tokyo’s Meguro ward. The 75-unit,[more...]
140m tall office tower planned for Kayabacho Station – JAPAN PROPERTY CENTRAL K.K.
Heiwa Real Estate, Mitsubishi Estate, and Chuo-Nittochi Group have announced plans for a 140-meter tall, 27-story office tower between Kayabacho and Nihonbashi Stations in Tokyo.[more...]
Hakuba’s hotel shortage may hinder tourism potential – JAPAN PROPERTY CENTRAL K.K.
The rise in inbound tourism is outpacing Hakuba’s supply of hotels, leading to a shortage of beds this ski season. Hotels opened up their winter[more...]
What Sets a Design and Build Firm Apart From Others?
Sets a Design and Build Firm Apart From Others What sets a Design and Build Firm in Sacramento apart from others is their ability to[more...]
REIT disposes of office buildings in Osaka and Tokyo – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Development Bank sets up minpaku fund – JAPAN PROPERTY CENTRAL K.K.
Some countries and international cities may be banning Airbnb-style accommodation in an attempt to alleviate a housing crisis, but not Japan. With inbound tourism expanding,[more...]
Sapporo skyscraper to shrink as project costs skyrocket – JAPAN PROPERTY CENTRAL K.K.
The Hokkaido Railway Company (aka JR Hokkaido) is revising its plans for a skyscraper in front of Sapporo Station. Rising construction costs have seen the[more...]
Akasaka Garden City sells for 54.6 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Share of Kinshicho office tower to sell for 18.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Site near Hakuba ski slopes sells for 1.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Our 2024 Q3 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Our Japan Real Estate Market Report for the third quarter of 2024 is now available for download. This report dives into recent trends and news[more...]
New station and town development plan for Kumamoto’s semiconductor district as rents and land values rise – JAPAN PROPERTY CENTRAL K.K.
JR Kyushu is planning to open a new station alongside the Hohi Line between Haramizu and Sanrigi Stations in 2027. In conjunction, Kikuyo Town has[more...]
Nagoya hotel sells for 6.5 billion Yen – JAPAN PROPERTY CENTRAL K.K.
The Japan Prime Realty Investment Corporation J-REIT is acquiring a 153-room hotel on the eastern side of Nagoya Station. The acquisition price is 6.5 billion[more...]
Large, luxury apartments planned for Daikanyama – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
GLP sells Nara logistics center – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Rising construction costs delay redevelopment of Nakano Sunplaza – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Nogizaka talent agency HQ sold to real estate company – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Marriott-branded hotel in Tottori delayed – JAPAN PROPERTY CENTRAL K.K.
At a city council meeting on September 17, Tottori City Mayor Yoshihiko Fukazawa announced a delay in the proposed development of a Marriott-branded hotel on[more...]
Sapporo’s rents on the rise – JAPAN PROPERTY CENTRAL K.K.
Sapporo City in Hokkaido is experiencing a rise in residential rental prices as the rapid increase in construction costs spreads to consumers. A larger supply[more...]
Kawasaki shopping center sells for 4.8 billion Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Standard Land Prices increase 1.4% thanks to semiconductors and tourists – JAPAN PROPERTY CENTRAL K.K.
Standard Land Prices were announced on September 17, and a small town of just 36,000 residents in Kyushu topped the nationwide ranking for commercial land[more...]
Central Tokyo’s office vacancy rate drops to lowest level since Dec 2020 – JAPAN PROPERTY CENTRAL K.K.
Central Tokyo’s office vacancy rate dropped to 4.76% in August, the lowest level seen since December 2020, according to brokerage Miki Shoji. For existing buildings,[more...]
Another semiconductor plant for Kumamoto? – JAPAN PROPERTY CENTRAL K.K.
Kikuyo Town near Kumamoto, the center of Kyushu’s semiconductor manufacturing boom, is preparing a new industrial park across the street from TSMC’s two chip plants[more...]
Denso sells 10ha former factory site in Nagoya – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Recent price trends in Tokyo’s apartment rental market – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
New office building for Sapporo’s neon nightlife neighborhood – JAPAN PROPERTY CENTRAL K.K.
This November, Tokyu Land Corporation will open a 13-story tenant office building (pictured above) in Sapporo’s Susukino neighborhood, the biggest entertainment district north of Tokyo.[more...]
Fukuoka REIT acquires two assets in Kyushu – JAPAN PROPERTY CENTRAL K.K.
Fukuoka REIT, whose sponsors include the Kyushu Electric Power Company and Fukuoka Jisho, has acquired two assets in Kyushu in August, as it further diversifies[more...]
60 billion Yen luxury resort project for Okinawan island – JAPAN PROPERTY CENTRAL K.K.
Keihan Real Estate, a subsidiary of rail-related Keihan Group, along with several other companies, is planning a 60 billion Yen (US$415 million) hotel resort project[more...]
44-yr old Osaka office building sells for over 30 billion Yen – JAPAN PROPERTY CENTRAL K.K.
Kanden Realty & Development, a subsidiary of the Kansai Electric Power Company, has paid over 30 billion Yen (US$208 million) for the former headquarters of[more...]
Occupancy, Yields, and Rents for Tokyo’s multifamily market – JAPAN PROPERTY CENTRAL K.K.
In a data-driven analysis into Tokyo's multifamily real estate market, we examined a sample of 50 apartment buildings comprising nearly 1,000 units listed for sale[more...]
Confectioner acquires winery in Koshu Valley wine country – JAPAN PROPERTY CENTRAL K.K.
Châteraisé, a confectioner based in Yamanashi Prefecture, has acquired the Grande Polaire Katsunuma Winery from Sapporo Beer for an undisclosed price. This content is available[more...]
130-meter tall office & residential tower for Iidabashi – JAPAN PROPERTY CENTRAL K.K.
A 130-meter tall, 21-story mixed-use building is planned for part of a city block just south of Iidabashi Station. This project will be primarily office[more...]
Inzai City’s data center boom boosts tax revenues and land values – JAPAN PROPERTY CENTRAL K.K.
Inzai City in Chiba is experiencing a data center rush and a doubling in city tax revenues as major operators set up shop in the[more...]
Miyagi golf course sale draws opposition and potential criminal complaint – JAPAN PROPERTY CENTRAL K.K.
Plans to convert a golf course in Kami Town, Miyagi Prefecture, into a mega solar farm have drawn opposition and allegations of fraudulent misrepresentation by[more...]
Just how unpopular are fixed-term leases? – JAPAN PROPERTY CENTRAL K.K.
If you are investing in multifamily assets in Japan, you’re probably thinking about the potential to raise rents in the near future. But, Japanese tenancy[more...]
Offshore buyers acquire 134ha of forest in 2023 – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Pandemic-Era Insights by Building Size – JAPAN PROPERTY CENTRAL K.K.
Office rental data published by Sanko Estate illustrates how different sized buildings fared during the pandemic. Given the overwhelming number of small and medium sized[more...]
Foreigners acquire 90ha of farmland in Japan in 2023 – JAPAN PROPERTY CENTRAL K.K.
Foreigners and potentially foreign-directed domestic companies acquired 90.6 hectares of farmland in Japan last year, according to the Ministry of Agriculture, Forestry and Fisheries. But,[more...]
Luxury rental apartment project near Canal City paused – JAPAN PROPERTY CENTRAL K.K.
Plans for a luxury mixed-use development next-door to Fukuoka’s Canal City might be put on hold due to a labor shortage and rising construction costs.[more...]
REIT acquires student housing in Tokyo – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Free rent on the rise in the office leasing sector – JAPAN PROPERTY CENTRAL K.K.
Although office vacancy rates in Tokyo have been shrinking and rents appear to be recovering from a recent low, incentives, such as free rental periods,[more...]
Kitakyushu next in line for semiconductor boom? – JAPAN PROPERTY CENTRAL K.K.
Kyushu may have a new hotspot, with Taiwan-based Advanced Semiconductor Engineering, Inc. (ASE) signing a provisional purchase agreement on land in Kitakyushu on July 31.[more...]
18,000 m2 Toranomon office building sells for 860 million Yen – JAPAN PROPERTY CENTRAL K.K.
Nippon Building Fund (NBF) has sold a 61-year old office building in Toranomon back to its sponsor, Mitsui Fudosan, for just 860 million Yen (US$5.5[more...]
Once-bankrupt resort hotel finds Hong Kong buyer – JAPAN PROPERTY CENTRAL K.K.
A Hong Kong-based tech and investment firm has acquired the Awashima Hotel in Shizuoka. This resort hotel is located on a small, uninhabited island off[more...]
Is Japan’s high-speed Shinkansen rail a solution to 2024 logistics problem? – JAPAN PROPERTY CENTRAL K.K.
The Shinkansen bullet train was developed as passenger transport, but in recent years there have been trials to use this high-speed rail for cargo deliveries[more...]
Housing starts plummet near Kumamoto’s semiconductor plants despite strong demand – JAPAN PROPERTY CENTRAL K.K.
Despite the excitement surrounding the new semiconductor plants in Kumamoto, new housing starts in Kikuyo and Ōzu towns have dropped drastically. In February of 2024,[more...]
Raffles to open luxury hotel in Tokyo in 2028 – JAPAN PROPERTY CENTRAL K.K.
On July 22, the World Trade Center Building, Kajima Corporation, Tokyo Monorail, and JR East announced that Raffles will be opening their first hotel in[more...]
Sharp to repurpose LCD factories for AI and semiconductor-related use – JAPAN PROPERTY CENTRAL K.K.
It might have seemed like the end of the line for Sharp’s LCD factories, as strong offshore competition saw the electronics maker face a second[more...]
Mitsubishi vacating Yokohama office tower – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Rental apartments in Tokyo see a drop in deposits but a rise in key money – JAPAN PROPERTY CENTRAL K.K.
Residential rental listings offering no deposit are on the rise across greater Tokyo, but those offering no key or gift money are becoming less common[more...]
Locals oppose luxury hotel plan for Miyajima, Hiroshima – JAPAN PROPERTY CENTRAL K.K.
Residents of Hiroshima's Miyajima island are vehemently opposed to government plans for a luxury hotel. The proposed hotel site is 3 kilometers or 10 minutes[more...]
Our 2024 Q2 Japan Real Estate Market Report – JAPAN PROPERTY CENTRAL K.K.
Our Japan Real Estate Market Report for the second quarter of 2024 is now available for download. This report dives into recent shifts and news[more...]
Buying a shrine or a temple? There’s a broker for that – JAPAN PROPERTY CENTRAL K.K.
A news program recently ran a segment on how temples and shrines are being sold off, typically due to not having any successors or being[more...]
Fosun selling Hokkaido ski resort – JAPAN PROPERTY CENTRAL K.K.
Fosun International is selling Hoshino Resort Tomamu for approximately 40.8 billion Yen (US$252 million). Development of the 5,000 hectare mountain resort began in the 1980s[more...]
Japan’s land values increase at an expanding pace in 2024 – JAPAN PROPERTY CENTRAL K.K.
On July 1, the National Tax Agency published the annual ‘rosenka’ land tax values, with the nationwide average rising for the 3rd year in a[more...]
Landlords slashing rents in Harumi Flag – JAPAN PROPERTY CENTRAL K.K.
Harumi Flag, the conversion of the Athlete’s Village on Tokyo Bay, is facing an oversupply issue as hundreds of investors and landlords put their units[more...]
Hong Kong fund backs out of historic hotel project in Kitakyushu – JAPAN PROPERTY CENTRAL K.K.
A Hong Kong fund has pulled out of a historic hotel conversion project in Kitakyushu’s Mojiko district due to fundraising difficulties. The project would have[more...]
Two floors in Roppongi Hills sold to small-lot real estate fund – JAPAN PROPERTY CENTRAL K.K.
Small-lot real estate fund creator and operator, Financial Partners Group (FPG), has acquired the 18th and 21st floors in Roppongi Hills Mori Tower. This is[more...]
Recent reported commercial transactions in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Let’s take a look at some recently reported sales on commercial buildings, including multi-family, office and retail. It’s important to keep in mind that reporting[more...]
Yokohama and Osaka see rapid rises in rents – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Famous land swindles in Tokyo – JAPAN PROPERTY CENTRAL K.K.
Next month, Netflix is coming out with a fictional series based on 'jimenshi' (地面師), or real estate fraudsters, called Tokyo Swindlers. It looks to be[more...]
Kumamoto Prefecture lists 18ha of land for 1/38th of its original purchase price – JAPAN PROPERTY CENTRAL K.K.
An 18-hectare parcel of undeveloped forest in Kumamoto Prefecture that once had a lofty goal of being a silicon valley-type IT hub is now up[more...]
The hype around Fukuoka – JAPAN PROPERTY CENTRAL K.K.
Lately, Fukuoka seems to be a popular topic for foreign institutional investors. We have had several conversations with inbound investors looking to explore opportunities and[more...]
Kudan-Minami office building traded for 3rd time in 3 years – JAPAN PROPERTY CENTRAL K.K.
A 10-story office building across from Yasukuni Shrine in Tokyo’s Chiyoda ward has changed hands for the third time in three years. NTT Urban Development acquired[more...]
Listed companies sold 568 billion Yen of real estate in 2023 – JAPAN PROPERTY CENTRAL K.K.
Of the 3,836 companies listed on the Tokyo Stock Exchange, 94 reported the sale of real estate holdings in 2023. This is down from the[more...]
10,000 sqm property to sell for 2 Yen – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Ace Hotel coming to Fukuoka – JAPAN PROPERTY CENTRAL K.K.
After opening its first Asian location in Kyoto in 2020, Fukuoka has been selected as Ace Hotel’s second location. The hip Seattle hotelier will take[more...]
City worries about preservation as heritage-listed imperial residence in Kyoto is sold to developer – JAPAN PROPERTY CENTRAL K.K.
Kyoto City was in discussions with the owner of a nationally registered Tangible Cultural Property after learning of plans to sell the 150+ year old[more...]
Seibu to sell off all assets by 2026, starting with Kioicho skyscraper – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Department Store plans 500 billion Yen redevelopment – JAPAN PROPERTY CENTRAL K.K.
Isetan Mitsukoshi Holdings is planning to invest 500 billion Yen (approx. US$3.2 billion) in a large-scale redevelopment project in the neighborhood around its landmark Isetan[more...]
Developer acquires Omotesando site – JAPAN PROPERTY CENTRAL K.K.
A domestic developer acquired a 450 m2 development site in Omotesando in February. The property was sold off-market and the transaction price was not reported,[more...]
Condos canned as hotel set to stay on – JAPAN PROPERTY CENTRAL K.K.
There has been an abrupt change in plans for a hotel in Tachikawa, Tokyo. News of its closure and proposed redevelopment made headlines last June,[more...]
An overview of Ginza’s real estate market for May 2024 – JAPAN PROPERTY CENTRAL K.K.
Ginza is perhaps the most famous retail destination in Japan. It’s also the most expensive in terms of rent and land prices and amongst the[more...]
Fortress to buy operator of Seagaia resort – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Shinjuku Golden-Gai foreclosure attracts 100 bidders – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Gap between studio and larger apartment rental market widens – JAPAN PROPERTY CENTRAL K.K.
There is a growing divide in the rental market between the small studio-type and larger family-type apartments in Japan’s major centers. Based on the latest data[more...]
Japan’s shrinking hotel sizes – JAPAN PROPERTY CENTRAL K.K.
Hotel construction may have resumed to a normal pace post-pandemic, but the average floor size per building is shrinking rapidly. Nationwide, the average GFA of[more...]
Inbound tourism recovery bolsters hotel occupancy and room rates – JAPAN PROPERTY CENTRAL K.K.
With Japan's inbound tourism market now starting to exceed pre-pandemic levels, conditions are looking positive for hotel operators. A recent survey by Tokyo Shoko Research[more...]
Railway company embarks on first student accommodation project – JAPAN PROPERTY CENTRAL K.K.
With the coming relocation of a university campus and expectations of a rise in tenant demand, one railway company in west Japan has embarked on[more...]
Single-occupant households to increase by 2.15 million over next 30 years – JAPAN PROPERTY CENTRAL K.K.
This content is available to paid subscribers only. Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However,[more...]
Business confidence returns to hotel operators as travel spending exceeds pre-pandemic level – JAPAN PROPERTY CENTRAL K.K.
Domestic travel spending by Japanese travellers saw a 14.8% increase in 2023 compared to the pre-pandemic level in 2019. According to the Japan Tourism Agency[more...]
Japan now has 9 million empty homes, but not all are ‘akiya’ – JAPAN PROPERTY CENTRAL K.K.
Japan has 9 million empty homes, according to the latest House and Land Statistical Survey published by the Ministry of Internal Affairs and Communications on[more...]
Luxury apartments and hotel planned for Yokohama high-rise – JAPAN PROPERTY CENTRAL K.K.
A high-rise tower containing luxury rental apartments and an internationally-branded hotel is set to open in Yokohama in 2027. On April 10, Sumitomo Realty &[more...]
