Kanden Realty & Development Completes Its First Compact Office Project in Nihonbashi-Kayabacho

Kanden Realty & Development announced the completion of the Kanden Realty Kayabacho Building in Chuo-ku, Tokyo, on October 31, 2025. The project marks the company’s first foray into the compact office segment.

The 10-story office building offers a gross floor area of approximately 475 tsubo (approx. 15,700 sq. ft.). It features a seismic performance 1.25 times higher than Japan’s current standards and has obtained “ZEB Ready” certification from a third-party organization, ensuring both environmental efficiency and structural safety. Shared amenities such as a rooftop terrace and lounge enhance the overall tenant experience.

Targeted mainly at venture and startup firms, the building offers a fully furnished setup plan to ease relocation burdens. The property is a one-minute walk from Kayabacho Station and four minutes from Nihonbashi Station, offering excellent accessibility.

As of October 2025, the small office market in the Kayabacho area recorded a vacancy rate in the mid-16% range, with average asking rents hovering in the mid-JPY 13,000 per tsubo range. Despite entering an adjustment phase, demand for high-spec compact offices remains resilient, according to "estie research".

Key Facts

• Property Name: Kanden Realty Kayabacho Building

• Developer: Kanden Realty & Development Co., Ltd.

• Location: 1-3-12 Nihonbashi-Kayabacho, Chuo-ku, Tokyo

• Nearest Station: 1 min walk from Kayabacho Station (Tokyo Metro Tozai & Hibiya Lines); 4 min walk from Nihonbashi Station (Tokyo Metro Ginza & Tozai Lines, Toei Asakusa Line)

• Construction Start: August 2024

• Completion: October 31, 2025

• Number of Floors: 10F

• Gross Floor Area: approx. 475 tsubo (approx. 15,700 sq. ft.)