DOCSLIB.ORG

CATCHING the RHYTHM of TOKYO Tokyo Office Market Overview and Outlook COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CATCHING the RHYTHM of TOKYO Tokyo Office Market Overview and Outlook COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 Mari Kumagai Senior Director | Research| Japan +(81) 3 4572 1009 [email protected] CATCHING THE RHYTHM OF TOKYO Tokyo office market overview and outlook COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 Low net supply has enabled a market recovery better than we expected over recent years. We no Summary & Recommendations longer find much room left for occupancy gains; in our view, the current demand to supply dynamics remain tight enough to justify modest rental growth over several more quarters. A continued dip in available space with still- Since 2013, net absorption averaging 2.0% per annum has tracked above net new supply averaging strong corporate demand has led to a 0.8%, reducing the vacancy to cyclical lows. We highlight the current market status has some room for more competitive market outlook for most upward price movements as the vacancy rate hits cyclical lows. Past weak price recovery since 2012 tenants this year. should also help extend the ongoing slow yet stable market recovery. > For occupiers, we advise early planning and lease reviews given the anticipated Fig. 1: Market Cycle – Tokyo five central wards supply increase until 2021. Current demand to supply dynamics remain 15.0% tight. Lower-grade buildings in popular Feb. 2007 locations have seen faster price increases than prime office buildings. 10.0% This has prompted some landlords to reconsider their pricing strategy by fixing the lease term contracts at 5.0% current levels ahead of peers. Current > For most investors, the market outlook June 2012 0.0% should stay positive since we expect the yield gap compared to other markets to remain wide. We are confident that the Tokyo office market -5.0% provides enough depth, liquidity, and a sufficient track record to accommodate Y/Y Monthly Rent Change new money. -10.0% > In addition, more institutional investors are being pushed to replace their huge -15.0% bond investments by property Feb. 2010 investments. This is due to the minimal term premium available on their -20.0% investment horizon due to the likely 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% extension of the near-zero interest rate Vacancy % environment over the next few years. Source: Colliers International Japan Research 2 COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 TABLE OF CONTENTS Page Summary & Recommendations 1 UPWARD TRAJECTORY CONTINUES 4 ALTERNATIVE TREND SURGING 5 Key demand drivers 5 Focus on net supply figures 6 Pricing trend 11 Capital Market Implications 15 Appendix 21 3 COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 UPWARD TRAJECTORY CONTINUES Solid demand and lower-than-expected supply boost rental growth and capital value appreciation Demand Rent We expect office demand will maintain an upward trajectory, keeping the We expect ongoing price growth to peak at around 5% within the next For the year ahead, same trend with the total occupied area in the central five wards expanding several quarters before tapering down to a more sustainable compound new buildings to by about 2% year over year since February 2011. Key demand drivers annual growth rate (CAGR) of 0.8%. We expect lower-grade buildings to remain the trends for functional consolidation in more convenient locations be completed are maintain faster price increases above the current 5.2% until their average within the Greater Tokyo Metropolitan Area. We expect net absorption to rents move closer to higher grades as the existing price gap in the same almost being filled, remain stable – tracking at around 2.7 % of existing supply or 150,000 tsubo districts offers up to a 40% discount. which is likely to (495,900 sq metres) on cyclical average – as more tenants are rushing to However, the overall price response remains weak especially on higher support a modest secure their future occupancy needs over the next eighteen months, leading grades. For the next twelve months, we expect the CBD prime rent index to upward trajectory to more immediate concerns about the lowest vacancy rates since 2007. in the overall rent stay flattish with limited upside as more tenants are reaching out for lower Supply grade buildings. We also do not expect the overall rent growth to outpace level; the latest inflation averaging 1.1% over the next five years. CBD prime office We expect increasing supply for late 2019-2021, with annual expansion rent index has averaging 2.8% of stock. However, we highlight that the impact of our Capital Value and Yield expected supply increase, after adjusting for withdrawal from demolition, is continued to We anticipate capital values to inch up at least 3% per annum as more old much less sanguine on a net basis averaging 2.1 % of stock. Our more bullish increase for 17 buildings are being redeveloped in central locations, an increasingly baseline forecast than market consensus has incorporated the demolition of consecutive prominent trend since 2003. Capital value appreciates in tandem with the older buildings that has already eliminated about 45% of new supply over better earning power investors expect on rising rents. quarters with the the past four years. We expect the scale of net new supply to decline to a latest annual more sustainable 1.7% after 2022, providing an interesting market entry Real estate investors can prevail over bond investors under the Bank of growth of 4.2%. opportunity for long-term investors. Japan’s zero interest rate policy. Massive government debt will also need to stay affordable in the interest of the government over a longer investment Vacancy horizon. Our baseline scenario thus does not assume a benchmark rate We expect the overall vacancy level to remain at the current record low and increase of more than 25 basis points over the next five years. below 3.0%, as the net new supply level is recovering closer to the net Looking ahead, a wider yield gap than in any other Asian market – reaching a absorption trend from mid-2019. With near-complete shutdown of available record level of nearly 4% – is prompting more money inflows to real estate new supply due to larger pre-commitment prior to building completion, investment. We expect this trend to continue at least for the next few years. vacancy should stay low even with minimal growth in demand. Our base case thus does not assume rising vacancy at least until the end of 2019. More tenants are reaching out for lower grade buildings, adding to the race to secure available CBD space at the same price range below their typical budget ceiling up to JPY30,000 per tsubo (USD80.3 per sq metre). 4 COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 ALTERNATIVE TREND SURGING Fig. 2: Employment growth in Tokyo by industry (2008–2017) Growing employment as a hub of corporate Medical & Welfare headquarters in leasing sectors The outlook for domestic demand is solid and should support growth in 2018 Professional Services and 2019. Stable employment inflows into Central Tokyo continue to act as a key demand driver for office space requirements (Fig. 2). We expect Tokyo’s Information & Technology net employment growth to continue, averaging 0.7% over the next five years according to Oxford Economics. Education Increasing labour participation from younger foreigners, seniors and women has also been a boon to a relatively inflexible labour market since the start of Abenomics in 2013. Additionally, more retiring baby boomers will likely need Insurance & Financial Serrvices to work and supplement their diminishing income. We see a small upside to the Central Tokyo office worker trend, forecasting negative employment Real Estate growth from 2022. In our view, a secular shift toward digitalisation will require more centralised Transportation & Delivery Services space requirements in each industry, a positive to Tokyo Office Markets. Over the past decade, Tokyo’s employment growth has remained high in Information &Technology (+35%) and Professional Services (+36%), followed Hotel & Hospitality by Banks, Insurance and Other Financial Services (+19%) and Real Estate (+18%). This contrasts with negative employment growth in Manufacturing (- 17%) and Construction (- 12%) as more processes are automated, reducing Retail & Wholesale the need to maintain the same space requirements within CBDs. More aging baby boomers have also pushed up labour-intensive Living & Enterntainment employment in Medical and Welfare (+50%), a trend which we expect to continue for another few decades. Reflecting Tokyo’s status as capital city Construction with many corporate headquarters, Trade, Transportation & Communication (38%), Business Services (23%), and Financial Services (10%) are also driving the city’s GDP trends. Manufacturing Looking ahead, business services for productivity enhancement are likely to -30% -15% 0% 15% 30% 45% 60% remain the most powerful source of future job creation, with the unemployment rate edging lower from the current 2.9% to 2.7% by 2022. Source: Colliers International Japan Research, Metropolitan Government of Tokyo 5 COLLIERS RADAR OFFICE | TOKYO | 9 OCTOBER 2018 With a tight labour condition overall, it is not surprising to see more flexible Fig. 3: Tokyo Central 5 Wards: Demand and Supply (sq metres) work arrangements are lifting temporary office demand; almost 20% of major companies have started to offer alternative work-place arrangements New Supply Net Take Up according to the latest Nikkei market survey. New market players are tightening the market demand when available office area is increasingly 800,000 limited; the still-small area occupied by WeWork has increased by 12,000 tsubo (39,675 sq metres) per year, equivalent to as much as 10% of available 600,000 vacant stock as of August 2018. 400,000 All in, stable demand has outstripped tight supply since 2013 (Fig.
Load more

Recommended publications
  • List of Certified Facilities （Cooking）
    List of certified facilities （Cooking） Prefectures Name of Facility Category Municipalities name Location name Kasumigaseki restaurant Tokyo Chiyoda-ku Second floor,Tokyo-club Building,3-2-6,Kasumigaseki,Chiyoda-ku Second floor,Sakura terrace,Iidabashi Grand Bloom,2-10- ALOHA TABLE iidabashi restaurant Tokyo Chiyoda-ku 2,Fujimi,Chiyoda-ku The Peninsula Tokyo hotel Tokyo Chiyoda-ku 1-8-1 Yurakucho, Chiyoda-ku banquet kitchen The Peninsula Tokyo hotel Tokyo Chiyoda-ku 24th floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku Peter The Peninsula Tokyo hotel Tokyo Chiyoda-ku Boutique & Café First basement, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku The Peninsula Tokyo hotel Tokyo Chiyoda-ku Second floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku Hei Fung Terrace The Peninsula Tokyo hotel Tokyo Chiyoda-ku First floor, The Peninsula Tokyo,1-8-1 Yurakucho, Chiyoda-ku The Lobby 1-1-1,Uchisaiwai-cho,Chiyoda-ku TORAYA Imperial Hotel Store restaurant Tokyo Chiyoda-ku (Imperial Hotel of Tokyo,Main Building,Basement floor) mihashi First basement, First Avenu Tokyo Station,1-9-1 marunouchi, restaurant Tokyo Chiyoda-ku （First Avenu Tokyo Station Store） Chiyoda-ku PALACE HOTEL TOKYO(Hot hotel Tokyo Chiyoda-ku 1-1-1 Marunouchi, Chiyoda-ku Kitchen,Cold Kitchen) PALACE HOTEL TOKYO(Preparation) hotel Tokyo Chiyoda-ku 1-1-1 Marunouchi, Chiyoda-ku LE PORC DE VERSAILLES restaurant Tokyo Chiyoda-ku First～3rd floor, Florence Kudan, 1-2-7, Kudankita, Chiyoda-ku Kudanshita ８th floor, Yodobashi Akiba Building, 1-1, Kanda-hanaoka-cho, Grand Breton Café
    [Show full text]
  • 1. 1.1 February 1.2 Conducte 2. 2.1 Between Their Ide 3. 3.1 Will Act 3.2
    ISTF/1-IP/1 27/02/12 International Civil Aviation Organization FIRST MEETING OF IONOSPHERIC STUDIES TAKS FORCE (ISTF/1) 27-29 February 2012, Tokayo, Japan MEETING BULLETIN 1. Schedule of meeting 1.1 The opening session of the meeting will be held at 0930 hours on Monday, 27 February 2012 at the Mita Kaigisho, (Mita Conference Hall), Tokyo, Japan. 1.2 The technical tour to Electronic Navigation Research Institute (ENRI) will be conducted from 1000 to 1200 hours on Wednesday, 29 February 2012. 2. Registration of participants 2.1 Participants are requested to register at the Registration Desk of the Mita Kaigisho between 0915 - 0930 hours on the opening day of the meeting. Participants are also requested to wear their identification badge all the time inside the Mita Kaigisho. 3. Officers and Secretariat concerned with the meeting 3.1 Mr. Sujan K. Saraswati, Regional Officer CNS of the ICAO Asia and Pacific Office will act as Secretary of the meeting. His contact address is as follows: Mr. Sujan K. Saraswati, Regional Officer CNS Tel: +66 (2) 537 8189 to 97 Ext. 155 Fax: +66 (2) 537 8199 E-mail: [email protected] 3.2 The daily meeting service is the responsibility of Dr. Susumu Saito. Dr. Saito will provide secretarial support. The contact address is as follows: Dr. Susumu Saito, Senior Researcher, CNS Department Electronic Navigation Research Institute (ENRI) Tel: +81 422 413 191 Fax: +81 422 413 199 E-mail: [email protected] 4. Meeting documents for distribution 4.1 Participants wishing to make presentations or present papers for distribution during the meeting are requested to submit electronic copies to the Secretariat as early as possible, and preferably no later than 13 Febrruary 2012 at the following email addresses: [email protected] and cc: [email protected] ISTF/1-IP/1 -2- 27/02/12 5.
    [Show full text]
  • This Press Release Is Not an Offer to Sell Or a Solicitation of Any Offer to Buy the Securities of Kenedix Realty Investment
    Translation of Japanese Original July 5, 2011 To All Concerned Parties REIT Issuer: Kenedix Realty Investment Corporation 2-2-9 Shimbashi, Minato-ku, Tokyo Taisuke Miyajima, Executive Director (Securities Code: 8972) Asset Management Company: Kenedix REIT Management, Inc. Taisuke Miyajima, CEO and President Inquiries: Masahiko Tajima Director / General Manager, Financial Planning Division TEL.: +81-3-3519-3491 Notice Concerning Acquisitions of Properties (Conclusion of Agreements) (Total of 4 Office Buildings) Kenedix Realty Investment Corporation (“the Investment Corporation”) announced its decision on July 5, 2011 to conclude agreements to acquire 4 office buildings. Details are provided as follows. 1. Outline of the Acquisition (1) Type of Acquisition : Trust beneficiary interests in real estate (total of 4 office buildings) (2) Property Name and : Details are provided in the chart below. Planned Acquisition Price Anticipated Acquisition Price Property No. Property Name (In millions of yen) A-71 Kyodo Building (Iidabashi) 4,670 A-72 P’s Higashi-Shinagawa Building 4,590 A-73 Nihonbashi Dai-2 Building 2,710 A-74 Kyodo Building (Shin-Nihonbashi) 2,300 Total of 4 Office Buildings 14,270 *Excluding acquisition costs, property tax, city-planning tax, and consumption tax, etc. Each aforementioned building shall hereafter be referred to as “the Property” or collectively, “the Four Properties.” (3) Seller : Please refer to Item 4. “Seller’s Profile” for details. The following (4) through (9) applies for each of the Four Properties. This press release is not an offer to sell or a solicitation of any offer to buy the securities of Kenedix Realty Investment Corporation in the United States or elsewhere.
    [Show full text]
  • CTBUH Journal
    About the Council The Council on Tall Buildings and Urban Habitat is the world’s leading resource for professionals CTBUH Journal focused on the inception, design, construction, and International Journal on Tall Buildings and Urban Habitat operation of tall buildings and future cities. A not-for-profi t organization, founded in 1969 and based at the Illinois Institute of Technology, Chicago, CTBUH has an Asia offi ce at Tongji University, Shanghai, and a research offi ce at Iuav Tall buildings: design, construction, and operation | 2015 Issue II University, Venice, Italy. CTBUH facilitates the exchange of the latest knowledge available on tall buildings around the world through publications, Special Issue: Focus on Japan research, events, working groups, web resources, and its extensive network of international representatives. The Council’s research department Case Study: Abenos Harukas, Osaka is spearheading the investigation of the next generation of tall buildings by aiding original Advanced Structural Technologies research on sustainability and key development For High-Rise Buildings In Japan issues. The free database on tall buildings, The Skyscraper Center, is updated daily with detailed Next Tokyo 2045: A Mile-High Tower information, images, data, and news. The CTBUH Rooted In Intersecting Ecologies also developed the international standards for measuring tall building height and is recognized as Application of Seismic Isolation Systems the arbiter for bestowing such designations as “The World’s Tallest Building.” In Japanese High-Rise
    [Show full text]
  • TOKYO TRAIN & SUBWAY MAP JR Yamanote
    JR Yamanote Hibiya line TOKYO TRAIN & SUBWAY MAP Ginza line Chiyoda line © Tokyo Pocket Guide Tozai line JR Takasaka Kana JR Saikyo Line Koma line Marunouchi line mecho Otsuka Sugamo gome Hanzomon line Tabata Namboku line Ikebukuro Yurakucho line Shin- Hon- Mita Line line A Otsuka Koma Nishi-Nippori Oedo line Meijiro Sengoku gome Higashi Shinjuku line Takada Zoshigaya Ikebukuro Fukutoshin line nobaba Todai Hakusan Mae JR Joban Asakusa Nippori Line Waseda Sendagi Gokokuji Nishi Myogadani Iriya Tawara Shin Waseda Nezu machi Okubo Uguisu Seibu Kagurazaka dani Inaricho JR Shinjuku Edo- Hongo Chuo gawa San- Ueno bashi Kasuga chome Naka- Line Higashi Wakamatsu Okachimachi Shinjuku Kawada Ushigome Yushima Yanagicho Korakuen Shin-Okachi Ushigome machi Kagurazaka B Shinjuku Shinjuku Ueno Hirokoji Okachimachi San-chome Akebono- Keio bashi Line Iidabashi Suehirocho Suido- Shin Gyoen- Ocha Odakyu mae Bashi Ocha nomizu JR Line Yotsuya Ichigaya no AkihabaraSobu Sanchome mizu Line Sendagaya Kodemmacho Yoyogi Yotsuya Kojimachi Kudanshita Shinano- Ogawa machi Ogawa Kanda Hanzomon Jinbucho machi Kokuritsu Ningyo Kita Awajicho -cho Sando Kyogijo Naga Takebashi tacho Mitsu koshi Harajuku Mae Aoyama Imperial Otemachi C Meiji- Itchome Kokkai Jingumae Akasaka Gijido Palace Nihonbashi mae Inoka- Mitsuke Sakura Kaya Niju- bacho shira Gaien damon bashi bacho Tameike mae Tokyo Line mae Sanno Akasaka Kasumi Shibuya Hibiya gaseki Kyobashi Roppongi Yurakucho Omotesando Nogizaka Ichome Daikan Toranomon Takaracho yama Uchi- saiwai- Hachi Ebisu Hiroo Roppongi Kamiyacho
    [Show full text]
  • Guideline for Community Development
    Peripheral Area of Tamachi Station West Exit/Fudanotsuji Crossing Guideline for Community Development February 2013 Minato City The community, from Edo to Tokyo, continues creating a future where comfortable and active living blends in with bustling streets, bringing splendid harmony Greetings, The peripheral area of Tamachi Station West Exit/Fudanotsuji Crossing (hereinafter referred to as “the District”) used to be an area with a place called “Fudanotsuji” where there was a place to post a notice board called “kosatsuba,” and functioned as the main entrance of Edo City. In this area, there was also a kurayashiki (warehouse-residence) of Satsuma domain where Ta- kamori Saigo and Kaishu Katsu had an interview for negotiating the bloodless surrender of Edo Castle. As time goes by after the Edo Period, the District and its surrounding areas have experienced various changes in the community; firstly, a number of educational and academic institutions were built, factories which supported the living of the residents were built afterwards, and now the community has become a business-oriented area. In the meantime, we have a great city- scape with rich greenery on the hilltop of Takanawa, as well as a bustling shopping street full of vitality. The District, along with the peripheral area of Tamachi Station East Exit, is designated as a national “Area to be Emergently Developed for Specified City Reproduction,” and expected to form a new hub district where a variety of functions are integrated in order to strengthen Tokyo’s global competitiveness. Taking this opportunity to promote future reconstruction in Minato City, we have prepared the “Peripheral area of Tamachi Station West/Fudanotsuji Crossing Guideline for Community De- velopment” as a manual in order to solve problems and to develop a comfortable and attractive community.
    [Show full text]
  • Toranomon Hills Mori Tower: Additional Acquisition)
    February 19, 2021 For Translation Purposes Only Real Estate Investment Fund Issuer: Mori Hills REIT Investment Corporation (Securities Code: 3234) 1-12-32 Akasaka, Minato-ku, Tokyo Hideyuki Isobe, Executive Director Asset Manager: Mori Building Investment Management Co., Ltd. Hideyuki Isobe, President & CEO Inquiries: Akira Nemoto General Manager of Financial Department TEL: +81-3-6234-3234 MHR Announces Acquisition of Trust Beneficiary Interest in Domestic Real Estate (Toranomon Hills Mori Tower: Additional Acquisition) Mori Hills REIT Investment Corporation (hereinafter “MHR”) announces that Mori Building Investment Management Co., Ltd. (hereinafter the “Asset Manager”), the asset management company for MHR, has today determined to undertake the asset acquisition described below. 1. Overview of Acquisition and Lease Property name Toranomon Hills Mori Tower Asset to be acquired Trust beneficiary interest (Note 1) Anticipated acquisition price 7,870 million yen (Note 2) Appraisal value 9,856 million yen Sales agreement date February 19, 2021 Acquisition date August 2, 2021 (anticipated) Seller Mori Building Co., Ltd. Acquisition financing Borrowings and cash on hand (anticipated) Lessee Mori Building Co., Ltd. (Note 3) (Note 1) MHR plans to acquire trust beneficiary interest in 87.95% co-ownership interest in compartmentalized ownership of the 28th-35th floors and co-ownership interest in the land use rights. MHR plans to acquire an additional 11% quasi co-ownership interest of the trust beneficiary interest and will hold 78% together with the 67% already acquired. The remaining 22% of the quasi co-ownership interest in the trust beneficiary interest is to be held by Mori Building Co., Ltd. (Note 2) The indicated anticipated acquisition price does not include acquisition-related costs, consumption taxes and other expenses.
    [Show full text]
  • Real Estate Sector 4 August 2015 Japan
    Deutsche Bank Group Markets Research Industry Date Real estate sector 4 August 2015 Japan Real Estate Yoji Otani, CMA Akiko Komine, CMA Research Analyst Research Analyst (+81) 3 5156-6756 (+81) 3 5156-6765 [email protected] [email protected] F.I.T.T. for investors Last dance Bubbles always come in different forms With the big cliff of April 2017 in sight, enjoy the last party like a driver careening to the cliff's brink. Japan is now painted in a completely optimistic light, with the pessimism which permeated Japan after the Great East Japan Earthquake in 2011 forgotten and expectations for the 2020 Tokyo Olympics riding high. The bank lending balance to the real estate sector is at a record high, and we expect bubble-like conditions in the real estate market to heighten due to increased investment in real estate to save on inheritance taxes. History repeats itself, but always in a slightly different form. We have no choice but to dance while the dance music continues to play. ________________________________________________________________________________________________________________ Deutsche Securities Inc. Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 124/04/2015. Deutsche Bank Group Markets Research Japan Industry Date 4 August 2015 Real Estate Real estate sector FITT Research Yoji Otani, CMA Akiko Komine, CMA Research Analyst Research Analyst Last dance (+81) 3 5156-6756 (+81) 3 5156-6765 [email protected] [email protected] Bubbles always come in different forms Top picks With the big cliff of April 2017 in sight, enjoy the last party like a driver Mitsui Fudosan (8801.T),¥3,464 Buy careening to the cliff's brink.
    [Show full text]
  • Kagurazaka Campus 1-3 Kagurazaka,Shinjuku-Ku,Tokyo 162-8601
    Tokyo University of Science Kagurazaka Campus 1-3 Kagurazaka,Shinjuku-ku,Tokyo 162-8601 Located 3 minutes’ walk from Iidabashi Station, accessible via the JR Sobu Line, the Tokyo Metro Yurakuchom, Tozai and Namboku Lines, and the Oedo Line. ACCESS MAP Nagareyama- Unga Otakanomori Omiya Kasukabe Noda Campus 2641 Yamazaki, Noda-shi, Chiba Prefecture 278-8510 Kanamachi Kita-Senju Akabane Tabata Keisei-Kanamachi Ikebukuro Nishi- Keisei-Takasago Nippori Katsushika Campus 6-3-1 Niijuku, Katsushika-ku, Nippori Oshiage Tokyo 125-8585 Asakusa Ueno Iidabashi Ochanomizu Shinjuku Kinshicho Akihabara Asakusabashi Kagurazaka Campus Kanda 1-3 Kagurazaka, Shinjuku-ku, Tokyo 162-8601 Tokyo ■ From Narita Airport Take the JR Narita Express train to Tokyo Station. Transfer to the JR Yamanote Line / Keihin-Tohoku Line and take it to Akihabara Station. Transfer to the JR Sobu Line and take it to Iidabashi Station. Travel time: about 1 hour 30 minutes. ■ From Haneda Airport Take the Tokyo Monorail Line to Hamamatsucho Station. Transfer to the JR Yamanote Line / Keihin-Tohoku Line and take it to Akihabara Station. Transfer to the JR Sobu Line and take it to Iidabashi Station. Travel time: about 45 minutes. ■ From Tokyo Station Take the JR Chuo Line to Ochanomizu Station. Transfer to the JR Sobu Line and take it to Iidabashi Station. Travel time: about 10 minutes. ■ From Shinjuku Station Take the JR Sobu Line to Iidabashi Station. Travel time: about 12 minutes. Building No.10 Building No.11 Annex Building No.10 Building No.5 CAMPUS MAP Annex Kagurazaka Buildings For Ichigaya Sta. Building No.11 Building No.12 Building No.1 1 Building No.6 Building No.8 Building Building No.13 Building Building (Morito Memorial Hall) No.7 No.2 No.3 3 1 The Museum of Science, TUS (Futamura Memorial Hall) & Building Mathematical Experience Plaza No.9 2 2 Futaba Building (First floor: Center for University Entrance Examinations) Tokyo Metro Iidabashi Sta.
    [Show full text]
  • Tokyo Sightseeing Route
    Mitsubishi UUenoeno ZZoooo Naationaltional Muuseumseum ooff B1B1 R1R1 Marunouchiarunouchi Bldg. Weesternstern Arrtt Mitsubishiitsubishi Buildinguilding B1B1 R1R1 Marunouchi Assakusaakusa Bldg. Gyoko St. Gyoko R4R4 Haanakawadonakawado Tokyo station, a 6-minute walk from the bus Weekends and holidays only Sky Hop Bus stop, is a terminal station with a rich history KITTE of more than 100 years. The “Marunouchi R2R2 Uenoeno Stationtation Seenso-jinso-ji Ekisha” has been designated an Important ● Marunouchi South Exit Cultural Property, and was restored to its UenoUeno Sta.Sta. JR Tokyo Sta. Tokyo Sightseeing original grandeur in 2012. Kaaminarimonminarimon NakamiseSt. AASAHISAHI BBEEREER R3R3 TTOKYOOKYO SSKYTREEKYTREE Sttationation Ueenono Ammeyokoeyoko R2R2 Uenoeno Stationtation JR R2R2 Heeadad Ofccee Weekends and holidays only Ueno Sta. Route Map Showa St. R5R5 Ueenono MMatsuzakayaatsuzakaya There are many attractions at Ueno Park, ● Exit 8 ＊It is not a HOP BUS (Open deck Bus). including the Tokyo National Museum, as Yuushimashima Teenmangunmangu The shuttle bus services are available for the Sky Hop Bus ticket. well as the National Museum of Western Art. OkachimachiOkachimachi SSta.ta. Nearby is also the popular Yanesen area. It’s Akkihabaraihabara a great spot to walk around old streets while trying out various snacks. Marui Sooccerccer Muuseumseum Exit 4 ● R6R6 （Suuehirochoehirocho） Sumida River Ouurr Shhuttleuttle Buuss Seervicervice HibiyaLine Sta. Ueno Weekday 10:00-20:00 A Marunouchiarunouchi Shuttlehuttle Weekend/Holiday 8:00-20:00 ↑Mukojima R3R3 TOKYOTOKYO SSKYTREEKYTREE TOKYO SKYTREE Sta. Edo St. 4 Front Exit ● Metropolitan Expressway Stationtation TOKYO SKYTREE Kaandanda Shhrinerine 5 Akkihabaraihabara At Solamachi, which also serves as TOKYO Town Asakusa/TOKYO SKYTREE Course 1010 9 8 7 6 SKYTREE’s entrance, you can go shopping R3R3 1111 on the first floor’s Japanese-style “Station RedRed (1 trip 90 min./every 35 min.) Imperial coursecourse Theater Street.” Also don’t miss the fourth floor Weekday Asakusa St.
    [Show full text]
  • Barrier-Free Street Walking MAP in Minato City
    Welcome to Shiba District Shimbashi and Toranomon areas in Shiba district consist of many office buildings, and have become one of the major business districts of Japan. They are vibrant and bustling with business activities both morning and night on weekdays. But these areas ! were the towns where fishery once prospered. A little way off from the office areas, there are many sights such as Tokyo Tower and Takeshiba Pier, and historic temples such as Zojo-ji temple, the gate of which is a designated national cultural property. It is the Minato City district where the present and past coexist. Course around Shiba District A Shiba course – a historic sightseeing course where you can feel the Edo period B Shimbashi course – a course that goes around the areas where What kind of place is Minato City? the Japanese railway originated see page 08-11 Japan Minato City, Tokyo, is located in one of the central Tokyo metropolitan areas filled with attractions that are characteristic of Tokyo. It is divided into five districts: Shiba district, Azabu district, Akasaka district, Takanawa district, and Shibaura-Konan district. There is an office town, a commercial area, a red light district, a residential area, and a large-scale development district coexisting within Minato City, and many historic sightseeing places such as historically important temples, the Daimyo Yashiki (House), and gardens still remain. Inside the district, there are many representative sights of Tokyo, such as Tokyo Tower, Shiba Park, Akasaka State Guest House, Rainbow Bridge, and Odaiba, and also many attractive shopping areas such as Roppongi shopping street, and Azabu Juban.
    [Show full text]
  • Update 2015 Exporter Guide Japan
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/29/2015 GAIN Report Number: JA5712 Japan Exporter Guide Update 2015 Approved By: Rachel Nelson, Director ATO Japan Prepared By: Chika Motomura, Marketing Specialist ATO Osaka Report Highlights: Japan continues to represent one of the best opportunities in the world for U.S. exporters of food products. The total food and drink market in Japan is valued at around $584.45 billion. In 2014, the United States exported $13.93 billion worth of agricultural and fish products to Japan. There are tremendous opportunities for U.S. exporters who are willing to follow the strict Japanese regulations and keep up with the fast-moving trends in this market. Author Defined: Table of Contents I. Market Overview 1. Current Trends 2. U.S. Advantages and Challenges II. Exporter Business Tips 1. Tips for Doing Business with Japanese Buyers and Traders 2. Consumer Preferences, Tastes and Traditions 3. Export Business Reminders 4. Food Standards and Regulations 5. Import and Inspection Procedures III. Market Sector Structure and Trends 1. Retail Sector 2. HRI Food Service Sector 3. Food Processing Sector 4. E-commerce and mail-order 5. Population Trends IV. Best High-Value Import Prospects V. Key Contacts U.S. Government U.S. Trade Associations and Cooperator Groups in Japan Japanese Government and Related Organizations Japanese Associations - Food Japanese Associations - Beverages Japanese Associations - Distribution Reports and Further Information Appendix: Statistics Table A. Key Trade & Demographic Information Table B.
    [Show full text]