Le Gratteciel Building Acquires Rental Apartment Property in Minato Ward’s Shimbashi
LE GRATTECIEL BUILDING Inc. acquired Totsu Residence Shiodome, a rental apartment property in Shimbashi 6-chome, Minato Ward, Tokyo, from Open House Real Estate Co., Ltd. in March 2026.
The property is a 12-story steel-reinforced concrete building completed in September 2003, with a Gross Floor Area of approximately 299 tsubo (approx. 10,600 sq. ft.). It consists of 44 studio units, some of which are also being marketed as monthly apartments. The property is located a five-minute walk from Onarimon Station on the Toei Mita Line and a five-minute walk from Daimon Station on the Toei Asakusa Line, and is also within walking distance of the Shimbashi and Shiodome areas, where office functions are concentrated.
The buyer, LE GRATTECIEL BUILDING Inc., is engaged in the leasing, development and management of a wide range of assets, including office and retail buildings, mainly in Shimbashi. The company owns more than 100 properties in the Shimbashi area alone and is seeking to further expand its property concentration and strengthen its business base. Meanwhile, the seller, Open House Real Estate Co., Ltd., sold the property after holding it for only about one month.
The average asking rent for studio rental apartment units within a 10-minute walk of Daimon Station rose from JPY 15,224 per tsubo at the end of October 2022 to JPY 19,541 per tsubo at the end of March 2026. Occupancy rates have also remained in the 99% range, indicating steady demand for single-occupant units in the area, according to research by the editorial team based on estie Residential Research.
Key Facts
- Property Name: Totsu Residence Shiodome
- Buyer: LE GRATTECIEL BUILDING Inc.
- Seller: Open House Real Estate Co., Ltd.
- Location: 6-23-7 Shimbashi, Minato Ward, Tokyo
- Nearest Stations: Five-minute walk from Onarimon Station on the Toei Mita Line; five-minute walk from Daimon Station on the Toei Asakusa Line
- Completion: September 2003
- Number of Floors: 12F / B0, steel-reinforced concrete structure
- Gross Floor Area: Approximately 299 tsubo (approx. 10,600 sq. ft.)
- Total Units: 44 units