Announcement

Japan's Property Information Source Unveils Exclusive Rent Survey

11.18.2008

Tokyo - November 19, 2008 - The Nikkei Real Estate Market Report announced new content expanding its Japanese property market knowledge base. This new content, the Closing Rent Survey and an overhauled City Guide, targets institutional investors and has been released with the aim of improving the transparency of the world's second largest real estate market.

The Nikkei Real Estate Market Report, published by Nikkei Business Publications, Inc. (Head Office: Tokyo, President: Yasuo Hirata), offers information on the movement of the Japanese real estate investment market in English.

The Closing Rent Survey provides historical data on closing rents for rental office buildings located in 42 business districts in Tokyo and Yokohama. The database, which has been accumulated over six years from the Nikkei Real Estate Market Report's activities in the commercial real estate industry, is based on actual cases of contracts that have been successfully closed with new tenants. This proprietary data differs from publicly available advertised rents and more accurately reflects actual market values.

The City Guide, a unique guide for real estate investors, also underwent a drastic overhaul through the addition of information on the five regional cities of Sapporo, Sendai, Kyoto, Kobe and Naha. This comprehensive guide to Tokyo and nine major cities provides investors with a basic understanding of historical land price changes and snapshots of major macroeconomic indices. Existing guides to major business districts have also been updated with the addition of information on new developments, lists of major buildings and many photographs.

"Our survey indicates that recently closed rents have clearly hit a ceiling in some parts of central Tokyo, such as the Marunouchi district, which is located in front of Tokyo Station and where rents have been soaring. In addition, despite ongoing market turmoil, it is felt that average rents will continue to increase over the short term for many buildings with existing tenants coming up for contract renewal. Building owners are split between bearish and bullish sentiments," says Taro Tokunaga, editor in chief of the Nikkei Real Estate Market Report.

The City Guide is offered for free to subscribers and non-subscribers alike. Although the Closing Rent Survey is exclusively available to subscribers, it can be accessed by anyone for a limited time.

The Nikkei Real Estate Market Report is the sole online source of information on the Japanese real estate market available in English. Its content geared toward global investors will continue to expand.

About the NIKKEI REAL ESTATE MARKET REPORT: An online media by Nikkei Business Publications, Inc., which is a wholly owned subsidiary of the leading business newspaper publisher NIKKEI, Inc. It offers exclusive news on real estate deals and developments in Japan, as well as in-depth market analysis to the specialists. More information can be found at http://realestate.nikkeibp.co.jp/

Most Read Articles

  • Today
  • Weekly
  • Monthly
  • 1 Electric power distributer Remixpoint moving to Roppongi Grand Tower
  • 2 United Urban to sell two retail facilities for Y34bn
  • 3 Restaurant producer Akinai sells two apartment buildings in Osaka
  • 4 Hankyu REIT acquires leased sites in Kansai region
  • 5 Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
  • 6 Daiwa House acquires 4,100 m2 development land in Tokyo Bay area
  • 1 Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
  • 2 Sekisui House and Singaporean company opening Moxy hotel in Osaka’s Umeda
  • 3 Frasers Hospitality to invest Y20bn in development near Ginza
  • 4 Loadstar Capital purchases Shinjuku-ku retail, office building
  • 5 Hong Kong company buys Mitsui Garden Hotel Yotsuya
  • 6 Yokohama calls for developers of Minato Mirai Block 62
  • 7 Hulic to develop own brand retail facility in Shinjuku
  • 8 Hulic acquires Zara Shinjuku
  • 9 Mitsubishi acquires 2,400 m2 of residential land in Shirokane, Minato-ku
  • 10 Hulic to develop office building on Akasaka ryotei site
  • 1 Former MHI plant site to be redeveloped by JLL and Japanet (updated)
  • 2 Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
  • 3 U.S. pension-backed Myria Residential acquires Shinjuku apartment buildings
  • 4 Frasers Hospitality to invest Y20bn in development near Ginza
  • 5 Hong Kong's Phoenix converts Shinagawa apartment to Oakwood
  • 6 Digital Garage to lease new building on Shibuya Parco site
  • 7 Yokohama calls for developers of Minato Mirai Block 62
  • 8 Loans to real estate continues to increase, balance at almost Y95tn
  • 9 Sekisui House and Singaporean company opening Moxy hotel in Osaka’s Umeda
  • 10 Kobe Steel to sell shares in real estate subsidiary to Tokyo Century, etc. for Y74bn

Daily headline feeds twitter twitter

MORE SURVEY AND ANALYSIS Our regularly updated proprietary survey on market trends.

CLOSING RENT SURVEY

Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama

RETAIL RENT SURVEY

Advertised rents and vacancy on major shopping streets in Ginza, Omotesando, Shinjuku, etc.

PROJECT MAP

A map and list of the 160 large-scale office building development projects currently in progress in Tokyo.

OFFICE MARKET INDEX

Advertised rents and vacancy rates in major office districts -Tokyo, Nagoya, Osaka, Fukuoka Free to access

About Us

Founded in 1969, Nikkei Business Publications is the publisher of the Nikkei Real Estate Market Report and is the leading provider of business information and commercial property transaction data for Japan. Part of the Nikkei Group, one of the world's largest financial media companies, Nikkei Business Publications is based in Tokyo and has over 900 employees.

Editorial Hotline

Please direct your questions and comments on our editorial contents to Jun Homma.

+81-3-6811-8875
realesate[at]nikkeibp.co.jp

For questions on fees, passwords, etc.,
please contact Customer Service. >>