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Overview

Focus Investing in the Mid-sized Office Buildings in the Tokyo Metropolitan Area

Shifting towards mid-sized office buildings in the Tokyo Metropolitan Area, an area with a high concentration of economic activity, a high level of tenant demand and broad-based stock

Compared with large-sized office buildings, mid-sized office buildings provide greater liquidity, both from a sale price and rent level perspective. In addition to the larger number of buildings in the market, the comparatively low acquisition prices and rent levels of mid-sized office buildings enable a wider scope of tenant diversification, including medium-sized enterprises. According to a Tokyo Metropolitan Government survey of 2009 for Tokyo, “92.2% of the offices in Tokyo were offices for 29 employees or less.” These results indicate that there are a large number of tenants of mid-sized office buildings in this area. The Asset Management Company has acquired expertise as well as a track record in mid-sized office buildings in the Tokyo Metropolitan Area. Therefore, it has the ability to identify properties with competitive advantages and can conduct agile management in the leasing and management of these properties.

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