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OFFICE RENTDATA 2019 Tokyo Redevelopment Projects OFFICE RENTDATA 2019 Tokyo Redevelopment Projects OFFICE RENTDATA 2019 March 2019 Published by Sanko Estate Co., Ltd. Ginza Sanwa Bldg., 4-6-1 Ginza, Chuo-ku, Tokyo Only environmentally-friendly, zero-VOC （Volatile organic compounds）100% vegetable oil inks were used in the printing of this report. Copyright Sanko Estate Co., Ltd. All rights reserved. www.sanko-e.co.jp/en OFFICE RENTDATA 2019 TABLE CONTENTS 01-02 Aerial Photo 11-12 Transition in Office Rents and Economic Trends 03-04 Redevelopment Report 13-16 Office Market 05-06 Redevelopment Map 17-22 Guidelines for Opening an Office 07-08 Completion Timeline 23-24 Special Report 09-10 New Supply 25-26 Company Outline Midtown Tower Sumitomo Fudosan Roppongi Grand Tower Toranomon Hills Mori Tower The Okura Prestige Tower Kasumigaseki Building Toranomon Hills Ark Hills Sengokuyama Mori Tower Business Tower P3 Kamiyacho Trust Tower P4 Atago Green Hills Mori Tower Toranomon～Roppongi Atago Shrine Kamiyacho Sta. Tokyo Tower Onarimon Shiba Sta. Park Kyu Shiba Rikyu GardenGarderderdd n Date: October 21,, 2018 AAltitude:ltitude: aapprox.pprox. 450 m 01 SANKO ESTATE SANKO ESTATE 02 Redevelopment Report *The renderings below are for illustrative purposes only and are subject to change. Accelerating Redevelopment to $7RZHU6\PEROL]LQJ.DPL\DFKR·V7UDQVIRUPDWLRQ Tokyo Establish a Global Business Hub Tokyo into a Global, Creative Area That Generates New Value Toranomon Hills Business Tower Kamiyacho Trust Tower Forming a Community around an area where the projects are located. tors from a wide range of fields includ- A Hub Serving as a Gateway Linking premium luxury hotel brand, Integrated Redevelopment Project Following Toranomon Hills Mori Tower, ing entrepreneurs, new business man- the World to Both Tokyo and Japan and Mori Trust has succeed- completed in June 2014, development agers at large companies to corporate ed in bringing it to Japan for Mori Building Co., Ltd. completed will continue with the buildings provi- executives. Its goal is to support the Mori Trust Co., Ltd., a major developer the first time. Toranomon Hills Mori Tower in 2014 sionally named Toranomon Hills Busi- creation of new business through based in Toranomon, Minato Ward, is The building will have a total with an aim to enhance and evolve the ness Tower, Toranomon Hills Residen- exchange and nurturing. moving forward with the development of 28 office floors, from the Toranomon area. It is now being tial Tower (Tentative Name), and Torano- of a new landmark that will symbolize third to the 30th floor, with an expanded with the construction of mon Hills Station Tower (Tentative Name). Forming a Community Tokyo’s status as an international city. average area of around 1,160 another three buildings on a neighbor- That Combines Diverse Elements The project site occupies a prime loca- tsubo [3,828 ㎡]. The large, ing site. Once completed, the company 3URMHFW·V.H\)HDWXUHLVWKH2SHQLQJ tion directly connected to Kamiyacho column-free floor plate aims for the four-building complex to of an Innovation Center The next building is Toranomon Hills Station on the Tokyo Metro Hibiya Line. accommodates the needs of form the hub of a new community. Residential Tower (Tentative name), It will be an integrated redevelopment tenants who wish to consoli- Toranomon Hills Business Tower is tentatively scheduled for completion in project centering on the former site of date offices that are divided Large-Scale Multi-Use Development Project scheduled for completion in December January 2021. At about 220 meters Pastoral Toranomon, a hotel facility that between multiple floors or Driven by a Combination of Factors 2019. The building will be around 185 high, with 54 aboveground floors, this was owned by the Mutual Aid Associa- buildings in a single location. meters high, with 36 aboveground building is expected to become tion of Agriculture, Forestry and Fishery Moreover, all offices will fea- The new large-scale, three-building floors, three underground floors, and Japan’s tallest residential building. It Corporation Personnel. ture state-of-the-art specifica- development was announced in April three penthouse floors. The ground will house around 550 residential units, Before construction began, it was pro- tions, including LED lighting, 2016, following the completion of floor will house a bus terminal. Com- along with amenities such as a mem- visionally named the Toranomon high ceilings (2,900 mm) that Toranomon Hills Mori Tower. Mori mercial facilities will occupy the third bers-only spa and childcare support Yon-chome Project. In March 2015, it create an open, spacious Ground-level view of exterior Image courtesy of Mori Trust Co., Ltd. Building has frequently pursued rede- floor to the first basement floor, while facilities. The aim is to create an was accredited as the first Architecture feel, raised floors (150 mm), velopments incorporating the so-called there will be an innovation center on appealing community that leverages Remodeling Project for National Strate- and a standard floor load of 500 kg/㎡ “number buildings” that it developed in the fourth floor and offices on the fifth the distinctive features of the Torano- gic Urban Planning designated by the (1,000 kg/㎡ in heavy-duty zones). building will have high-capacity gener- the past, and both of these projects to 36th floors. mon area. Cabinet Office, and it also received Each floor will also have interior ation equipment that can cover up to were boosted by the combination of At the bus terminal, users will be able After that, Toranomon Hills Station accreditation as a National Strategic air-conditioning enabling the tempera- about 80% of regular power needs. various factors, including Tokyo’s to board the BRT (bus rapid transit Tower (Tentative name) is scheduled Private Sector Urban Renaissance Proj- ture to be controlled within 72 different Another distinctive feature of Kamiya- selection as host of the 2020 Olympic system) under development by the for completion in February 2023. Since ect. Upon the start of construction in zones of approximately 50 ㎡ each, cho Trust Tower is that about half of the Games, the plan to open a new station Tokyo metropolitan government, which this project will be integrated with October 2016, it was decided to name while the perimeter areas will be office floors (the 14 floors from the third on the Tokyo Metro Hibiya Line, and is expected to provide a transport link Toranomon Hills Station on the Tokyo the project “Tokyo World Gate,” signify- equipped with 58 individual air-condi- to 16th floor) will serve as “creative the new establishment of the National to the Tokyo waterfront. Access by car Metro Hibiya Line, it will be highly ing its role as a gateway linking the tioning units per floor plus natural air floors.” Based on the project’s “Cre- Strategic Special Zone system. These should improve substantially once accessible. The mixed-use building will world to both Tokyo and Japan. vents. ative First” vision for office work, they have led to a rapid increase in momen- Loop Road No. 2 is fully open. Assum- house offices, a hotel, and commercial Flap barriers will be installed on first will be equipped with unique interior tum for new urban development in the ing the building is served by Airport facilities, along with a business promo- Supporting Innovative underground floor to the second abo- specifications combining a high level of Limousine tion center on the top floor with an aim Office Development veground floor, providing strict securi- flexibility with cost savings, specialized Buses, Haneda of becoming a hub of new business ty. Thorough BCP measures will also common areas designed to enhance Airport will also and innovation accessible to large The main building of this project, Kami- be taken, including the use of a hybrid creativity for the entire floor, and opti- be readily companies, startups, entrepreneurs yacho Trust Tower will have 38 abo- damping system that will deliver vibra- mal and flexible security plans aligned accessible, and the public. veground floors and three underground tion suppression performance that is with open innovation needs. Kamiya- which means it With the addition of these three build- floors. Six floors (the 31st to 36th) will 1.5 times superior to that required for cho Trust Tower will therefore provide has the potential ings, Toranomon Hills will expand to a be occupied by Tokyo Edition Torano- standard high-rise buildings. In the exceptional support for the creation of to serve as a total site area of around 7.5 hectares, mon. Edition is Marriott International’s event of a prolonged power outage, the innovative office spaces. gateway to the around 240,000 tsubo [792,000 ㎡]of Tokyo area. total floor area (including 90,000 tsubo A key feature of [297,000 ㎡]of office space and 8,000 the project is the tsubo [26,500 ㎡] of commercial innovation space), and 4,500 tsubo [14,850 ㎡] of center to be green space. They will drive Torano- opened on the mon’s evolution into a new international fourth floor. This urban hub and global business center (Left) Rendering of office lobby Panoramic view of exterior facility will bring performing a wide range of functions. (Right) Rendering of retail space on Image courtesy of Mori Building Co., Ltd. together innova- lower floors 03 SANKO ESTATE SANKO ESTATE 04 Shin Nihombashi Redevelopment Map 1 Otemachi Place East Tower OH-1 PRJ. 2 3 4 Otemachi Nihonbashi Muromachi Her Britannic 3 Otemachi Mitsui Tower 4 Mitsukoshimae Majesty’s Otemachi 6 Tokyo Tokiwabashi Tower D Line Ueno 1 Route Embassy 2 H 6 Mandarin Oriental, Tokyo Imperial Expressway Metropolitan Yotsuya Mitsukoshimae Palace Otemachi 5 7 8 Shangri-La Hotel, Tokyo 7 H 8 Tokyo Tokiwabashi Tower A CHIYODA WARD Otemachi Hotel New Tokyo 9 Tokyo Tokiwabashi Tower B Otani Tokyo 10 Marunouchi 1-3 PRJ.
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