Tokyo Tatemono Acquires Aging Office Building in Akihabara
Tokyo Tatemono acquired Yagi Building, an office building in Kanda-Izumicho, Chiyoda Ward, Tokyo, in February 2026. The seller was an individual.
The property is a four-minute walk east of Akihabara Station, in an area dense with low- and mid-rise housing and office buildings. Completed in 1977, the four-story building has a typical floor plate of approximately 55 tsubo (approx. 2,000 sq. ft.). The vacancy rate for office buildings within a five-minute walk of Akihabara Station has been on a downward trend from a peak of 4.16% in January 2022, tightening to 1.26% recently (compiled by the editorial team based on estie office research).
On the east side of Akihabara Station, the Akihabara Ekimae-Higashi District Category I Urban Redevelopment Project is planned to develop a mixed-use office-and-residential building exceeding 100 meters in height, with development of a station-front plaza and improvements to the surrounding pedestrian network also under consideration. In its medium-term management plan formulated in January 2025, Tokyo Tatemono has set out the expansion of its asset-turnover business. This acquisition may anticipate room for utilization such as renovation of the existing building or future reconstruction in light of development trends on the east side of Akihabara Station and office supply-demand conditions, though the specific purpose of the acquisition has not been disclosed.
Key Facts
- Property Name: Yagi Building
- Buyer: Tokyo Tatemono Co., Ltd.
- Seller: Individual
- Location: 1-8-2 Kanda-Izumicho, Chiyoda-ku, Tokyo
- Nearest Stations: Four-minute walk from Akihabara Station on the JR Yamanote Line and Tokyo Metro Hibiya Line / seven-minute walk from Iwamotocho Station on the Toei Subway Shinjuku Line
- Acquisition Date: February 2, 2026
- Completion: November 1977
- Number of Floors: 4F (reinforced concrete construction)
- Area: Typical floor plate of approximately 55 tsubo (approx. 2,000 sq. ft.) / Gross Floor Area of approximately 205 tsubo (approx. 7,300 sq. ft.)
