EDITORS' PICK
U.S. Hines acquires new building in Shibuya-ku
Hines of the U.S., which is engaged in real estate investment and development globally, acquired an office and retail building in Sendagaya, Shibuya-ku. The sellers were...
Hulic will construct a retail building in Ginza, Chuo-ku. Construction is planned to start in October 2024 and be completed in December 2026.
Hines of the U.S., which is engaged in real estate investment and development globally, acquired an office and retail building in Sendagaya, Shibuya-ku. The sellers were...
Local Markets: Sapporo
Will top rents reach the 30,000 yen per tsubo mark?
With the office building vacancy rate at its lowest level among major cities, ranging from 2.0% to 3.0%, and rent reaching a record-high level, the real estate market in Sapporo is booming. Meanwhile, mass supply has started, and the parties concerned are worried whether bullish rents can be set. Amid rising construction costs, some plans have opted to postpone the construction period or reduce the size to ensure that rents align with demand.