 |
Yoyogi / Nishi-Shinjuku / Shinjuku / Hatsudai |
|
 Area
Overview
Shinjuku high-rise complex |
Shinjuku station provides convenient inbound and outbound connections
and is known as a commuting hub. Also known as the area of Tokyo City Government Tower
and other high-rises. Hatsudai area is also cited with the convergence of IT relevant
business, including the oversea-based companies. Many major Japanese companies locate
their head-offices in this area. Local vacancy rate is relatively low. |
Accessibility
| - |
JR Line (Yamanote) : Shinjuku Sta., Yoyogi Sta. |
| - |
JR Line (Chuo / Sobu) : Shinjuku Sta. |
| - |
Oedo Line : Tocho-mae Sta., Shinjuku-Nishiguchi Sta., Shinjuku
Sta., Yoyogi Sta. |
| - |
Toei Shinjuku Line / Keio Line : Hatsudai Sta. |
| - |
Chiyoda Line / Odakyu Line : Yoyogi-Uehara Sta. |
Major Business
Complex
| Nishi-Shinjuku Business
Area (Sumitomo Bldg., NS Bldg., Nomura Bldg., etc.) |
Tokyo Opera City Tower |
|
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Rental Market Basics
| Description |
Area (tsubo) |
Area (sq.m.) |
Area (sq.ft.) |
| Gross Area: Zone |
1,093,259 |
3,614,080 |
38,887,501 |
| Gross Area: Rental office space |
773,645 |
2,557,505 |
27,518,754 |
| Gross Area: New rental space in 2002 |
6,126 |
20,252 |
217,912 |
| Gross Area: Rental space demended in 2002 |
-10,878 |
-35,961 |
-386,941 |
| Vacancy Rate |
4.91% |
| Net Rent (¥ / M) *Exclusive
of mgt.fee |
¥19,549 |
|
(Note; Each rent does figure not include a management fee.)
Supply-Demand Balance Change
Market Rates by Building Age & Floor Size
| Description |
Avg. Deposit
(¥ / 3.3 sq.m.) |
Avg. Net Rent
(¥ / 3.3 sq.m. / month) |
Market Rental
Rate by
Property Age |
5 years or above |
¥180,734 |
¥18,847 |
| 1-4 years |
¥382,500 |
¥25,660 |
| New-built space |
N / A |
N / A |
|
Market Rental
Rate by
Property Size |
Below 500 tsubo |
¥152,434 |
¥17,487 |
| 500-1,000 tsubo |
¥162,067 |
¥18,220 |
| 1,000-3,000 tsubo |
¥233,034 |
¥21,500 |
| 3,000 tsubo or above |
¥334,567 |
¥25,257 |
|
(Note; Each rent does figure not include a management fee.)
Avg. Net Rent Change
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