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From J-LISTOFrom J-LISTOFrom J-LISTOFrom J-LISTO Rental Market (Office Rent)Rental Market (Office Rent)Rental Market (Office Rent)Rental Market (Office Rent)
Real Estate Market ConditionReal Estate Market ConditionReal Estate Market ConditionReal Estate Market Condition
On April 22, 2010, the area of 20km radius from Fukushima Nuclear plants was designated as caution zone
and people living inside the radius haveevacuated for a while. 30km radius area of Chernobyl is still off-
limit zone and keep-out area is as far as 300km away from the plant. Fukushima was evaluated as level 7
disaster but the extent of the accident is far less severe. The central Tokyo is 240km away from
Fukushima plants and life in Tokyo is quite normal. Professional baseball and football leagues have started
and Tokyo Disney Land reopened. On April 17, Tokyo Electric Power Company has announced the plan
to converge the accident. Watching cool-down of reactor for up to 6 months, control leak of radioactive
material and reduce amount of radiation drastically. Government of Japan with help from the support of
foreign experts, is working hard to end the disaster.
No.2 : May 04, 2011
16000
17000
18000
19000
20000
(Yen/Tsubo)
Chiyoda-ku
Chuo-Ku
Minato-ku
Sinjuku-ku
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11
Chiyoda-ku 19,053 19,094 19,060 18,874 18,982 18,927 18,826 18,852 18,688 18,574 18,483 18,695
Chuo-Ku 17,595 17,389 17,374 17,267 17,228 17,144 17,120 17,175 17,077 16,983 16,958 16,820
Minato-ku 18,685 18,778 18,675 18,619 18,464 18,164 18,092 18,053 18,111 18,175 18,222 18,118
Sinjuku-ku 16,015 15,880 15,852 15,596 15,382 15,324 15,323 15,245 15,196 15,149 14,970 15,068
Sibuya-ku 19,012 18,771 18,737 18,540 18,565 18,543 18,396 18,366 18,417 18,281 18,231 18,152
J-REIT Market DataJ-REIT Market DataJ-REIT Market DataJ-REIT Market Data
Nippon Building Fund
Office Building Specialized Type,
Mitsui Real Estate Group
Japan Real Estate Investment Corp. Office
Building Specialized type, Mitsubishi Real
Estate Group
Japan Retail Fund Investment Corp.
Commercial Facilities Specialized Type
Mitsubishi Corp. Grroup
Orix Jreit Inc.
Convined Type, Orix Group
Nippon Accomodation Fund
Residence Specialized Type
Nomura Real Estate Residentail Fund
Residence Specialized Type
Market Topics of the week Supply of newly built condominiums has been downMarket Topics of the week Supply of newly built condominiums has been downMarket Topics of the week Supply of newly built condominiums has been downMarket Topics of the week Supply of newly built condominiums has been down
3685 condo units have been supplied in Tokyo area and rate of closed contracts was 79.7% (3.1% down
from previous year/same month). Average price was 46.74 million yen (7.8% down), average m2 price was
653000 yen (7.9% down). The reason of this is because the supply in central Tokyo area went down
drastically (27%). The supply in April forecasted to go down about 25% compare to previous year and this
trend will continue for 3 months or so.
(April 21, 2011 Real Estate Economic Institute Co. ltd.)
Vacancy Rate/Average Rent Rate Office rent rate still lower but slowing downVacancy Rate/Average Rent Rate Office rent rate still lower but slowing downVacancy Rate/Average Rent Rate Office rent rate still lower but slowing downVacancy Rate/Average Rent Rate Office rent rate still lower but slowing down
The average rent rate of offices in Tokyo central 5 wards at the end of March 2011 was 17495yen per
tsubo and this was 4.21% lower from previous year/same month. The trend of rate going down is slowing
but the market is still weak. Compare to the previous month, Chiyoda ward (+1.15%), Chuo(-0.81%),
Minato(-0.57%), Shinjyuku(+0.65%), Shibuya(-0.43%). After 3.11 Earthquake, office need of central Tokyo
went up but some companies are moving part of HQ functions away from Tokyo to Osaka to disperse the
risk.
Trend on REIT market REIT Index/Higher quotation resistedTrend on REIT market REIT Index/Higher quotation resistedTrend on REIT market REIT Index/Higher quotation resistedTrend on REIT market REIT Index/Higher quotation resisted
Tokyo Stock Exchange REIT Index came back to 1000 range from the lowest of the year, 926.37 which was
recorded on March 15, 2011. However, because of the vacancy rate of offices, it does not come over 1100
range which was the number before 3.11 Earthquake. Factors to bring up this number was not there and
it seems indexes concerning Real Estate will be rather weak.
A well-known securities company analyzes that the best performer after the Hanshin Earthquake in 1995
was real estate related sector. However, we have the issue of nuclear plants this time so it may take a
little while before the market is to recover.
14000
15000
16000
4 5 6 7 8 9 10 11 12 1 2 3
(
Sibuya-ku
This report was created to help providing references for these who considering asset purcase., not created to promote and sell particular asset. Sellection and purchase should be done according to the own research by the investors themselves. We use reliable data to bring this report, however, we should not be
responsible for the accuracy and completeness of the data. This reprot is written with the availble data on the day of issue and the numbers may change so revision , change deletion amy occur without notice. The copy right of the report belong to J-Listo Corp. and usage/copy of this reprot wthiout our agreement
shoul not be done in any case. The rights for original data/index used in this report belong to the original providers.
Convined Type, Orix Group
Mitsui Real Estate Group Nomura Real Estate Group
Asset No.
Name of Asset
PricePricePricePrice
(((( ㎡㎡㎡㎡ unitunitunitunit pricepricepriceprice ※※※※ 1111 ))))
GROSSGROSSGROSSGROSS AnnualAnnualAnnualAnnual ReturnReturnReturnReturn
Location
1 2 4
Koenji MansionY's Court Minamidai Shinyokohama Building
3Chome Minamidai Nakano-ku
Tokyo Metro Marunouchi line"Nakanofujimicho"
¥235,000,000¥235,000,000¥235,000,000¥235,000,000
(320,277円/㎡)(320,277円/㎡)(320,277円/㎡)(320,277円/㎡)
11.32%11.32%11.32%11.32%
Shinyokohama Kohoku-ku Yokohama
Yokohama Subway "Shinyokohama"
¥900,000,000¥900,000,000¥900,000,000¥900,000,000
(553,094円/㎡)(553,094円/㎡)(553,094円/㎡)(553,094円/㎡)
8.27%8.27%8.27%8.27%
Nihonnbashi-Odenmacho Chuo-Ku
Tokyo Metro Ginza line"Mitsukoshimae"
Nihonnbashi Odenmacho Buiding
(720,580円/㎡)(720,580円/㎡)(720,580円/㎡)(720,580円/㎡)
8.64%8.64%8.64%8.64%
¥1,050,000,000¥1,050,000,000¥1,050,000,000¥1,050,000,000
Ascent Mountain Youko
4Chome Yamatocho Nakano-Ku
JR Chuo line "Koenji"
¥190,000,000¥190,000,000¥190,000,000¥190,000,000
(200,278円/㎡)(200,278円/㎡)(200,278円/㎡)(200,278円/㎡)
10.54%10.54%10.54%10.54% 7.14%7.14%7.14%7.14%
¥320,000,000¥320,000,000¥320,000,000¥320,000,000
5Chome Yoshinocho Minami-ku Yokohama
Yokohama Subway "Yosinocho"
5
(424,458円/㎡)(424,458円/㎡)(424,458円/㎡)(424,458円/㎡)
3
Type
Land Area(Official Registration)
Building Structure RC 6stories SRC 10stories SRC 7stories SRC 8stories S 3stories
Total Area(Official Registration)
Month/Year built
Rent (full occupancy)
Purchase Cost ※3
Note
Tokyo Metro Marunouchi line"Nakanofujimicho"
9 minutes walk
Retail & Office
¥26,600,000
733.74 ㎡
1988/11
¥18,800,000
Yokohama Subway "Shinyokohama"
1 minutes walk
Retail
1,627.21 ㎡
1993/3
¥74,459,000
¥72,000,000
Tokyo Metro Ginza line"Mitsukoshimae"
Office、Retail、Residential
6 minutes walk
Office
1,457.16 ㎡
1990/2
¥84,000,000
¥90,760,000
447.63 ㎡
Rejidential
JR Chuo line "Koenji"
15 minutes walk
1984/11
1,597.78 ㎡
1993/2
Yokohama Subway "Yosinocho"
3 minutes walk
¥13,560,000
¥25,600,000
¥33,722,000
¥15,200,000
337.96 ㎡
Date Expires 2011/5/18
220.87 ㎡ 237.96 ㎡ 336.57 ㎡ 424.72 ㎡
Transportation
※1 Asset Price ÷ Total Floor Area (Official Registration)
※2 Annual Rent (Full Occupancy) ÷ Total Floor Areas
※3 Cost needed when asset is purcahsed, however it is approximate calculation (Asset Price ×8%).
Normally Purchase cost include, Acquisition Tax, Registration License Tax, Brokerage Charge.
If you need to know management and maintenance cost, Property Tax, and other detaild infomation, Please request Property Detail
Asset No.
Reference No.
Name of Asset
PricePricePricePrice
(((( ㎡㎡㎡㎡ unitunitunitunit pricepricepriceprice ※※※※ 1111 ))))
GROSSGROSSGROSSGROSS AnnualAnnualAnnualAnnual ReturnReturnReturnReturn
Picture
(945,982円/㎡)(945,982円/㎡)(945,982円/㎡)(945,982円/㎡)
¥63,000,000¥63,000,000¥63,000,000¥63,000,000 ¥64,990,000¥64,990,000¥64,990,000¥64,990,000 ¥71,800,000¥71,800,000¥71,800,000¥71,800,000
Cosmo Tokyo Bay Tower Adselect Shibaura Island Cape Tower City Tower Shinjuku Fukutoshin
(806,928円/㎡)(806,928円/㎡)(806,928円/㎡)(806,928円/㎡)
20110315004M 20110315005M
¥98,000,000¥98,000,000¥98,000,000¥98,000,000
(1,201,327円/㎡)(1,201,327円/㎡)(1,201,327円/㎡)(1,201,327円/㎡)
Ploud Shinjuku Gyoen Enpire
¥83,300,000¥83,300,000¥83,300,000¥83,300,000
Central Park Tower la Tour Shinjuku
(659,548円/㎡)(659,548円/㎡)(659,548円/㎡)(659,548円/㎡)
20110315003M
(1,266,313円/㎡)(1,266,313円/㎡)(1,266,313円/㎡)(1,266,313円/㎡)
20110315001M 20110315002M
9 106 7 8
Layout
Location
Type
Building Structure RC 26 stories RC 48 stories RC 36 stories RC 13 stories SRC 44 stories
Stories/Total Unit No. 21th floor 217 units 36th floor 1,095 units 24th floor 262 units 9th floor 93 units 20th floor 842 units
Facing Toward
Total Area of the Unit
Balcony Area
Month/Year built
Vacancy
Annual Rent ( Forecast )
Monthly Management and maintenance
Cost(Apprx.)
Purchase Cost(Approximate Calculation)
※
Note
77.39 ㎡
2010/6
69.34 ㎡
Vacant Vacant
9.22 ㎡
¥31,713
4.85 ㎡
¥7,840,000
¥27,480
2011/5/18情報有効期限:
¥5,744,000
¥28,410
South
¥5,040,000 ¥5,199,200 ¥6,664,000
Occupied Occuoied Vacant
¥30,900 ¥25,530
2005/3
South-Eest East
2010/2
11.10 ㎡
80.54 ㎡
13.10 ㎡
75.90 ㎡
6.79 ㎡
95.52 ㎡
2000/10 2008/10
South-Wast
2LDK 3LDK 2LDK
South-Wast
2LDK 2LDK
Toei Oedo line"Nishishinjuku5chome" JR Sobu line "Senndagaya" Toei Oedo line"Tochomae"
12 minutes walk 2 minutes walk 6 minutes walk 6 minutes walk
Transportation
Toei Oedo line"Kachidoki" JR Yamate line "Tamachi"
4Chome Nishishinjuku Shinjuku-Ku
9 minutes walk
5Chome Kachidoki Chuo-ku 4Chome Shibaura Minato-ku 1Chome Daikyocho Shinjuku-Ku 6Chome Nishishinjuku Shinjuku-ku
※Cost needed when asset is purchased, however it is approximate calculation (Asset Price ×8%). Normally Purchase cost include, Acquisition Tax,
Registration License Tax, Brokerage Charge. 2011/5/18情報有効期限:Registration License Tax, Brokerage Charge.
If you need to know management and maintenance cost, Property Tax, and other detailed information, Please request Property Detail Information Material (Due Diligence Info.).
2222----1111
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2222----7777
2222----8888
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2222----9999
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2222----7777
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