Nomura Real Estate Private REIT Acquires Rental Apartment in Saitama's Urawa Ward
Nomura Real Estate Private REIT, Inc. acquired Orchid Residence Urawa, a rental apartment building in Nakacho 1-chome, Urawa Ward, Saitama City, Saitama Prefecture, in April 2026.
The property is located along Koshigaya-kaido Avenue, a seven-minute walk from Urawa Station on the JR Keihin-Tohoku and Negishi lines. The building has ten above-ground floors, was completed in 2009, and has a Gross Floor Area of approximately 477 tsubo (approx. 17,000 sq. ft.), comprising 1R and 1K units. The average asking rent for rental apartments within a ten-minute walk of Urawa Station has risen approximately 22% over the past five years, reaching approximately JPY 11,630 per tsubo as of June 2026 (research by the editorial team based on estie Residential Research).
In June 2026, Urawa Calue, a mixed-use complex comprising residential, retail, and public facilities, was completed at the west exit of Urawa Station. Its residential component, URAWA THE TOWER, newly supplied a total of 525 units (see related article: Nomura Real Estate, Partners Complete Mixed-Use Redevelopment at West Exit of Urawa Station). While station-area redevelopment continues to drive housing supply, asking rents for rental apartments have also been rising, adding depth to the housing market around Urawa Station.
Key Facts
- Property Name: Orchid Residence Urawa
- Buyer: Nomura Real Estate Private REIT, Inc.
- Seller: Tokyo Resi 4 Godo Kaisha
- Acquisition Date: April 24, 2026
- Location: 1-12-13 Nakacho, Urawa Ward, Saitama City, Saitama Prefecture
- Nearest Station(s): Seven-minute walk from Urawa Station on the JR Keihin-Tohoku and Negishi lines / Nineteen-minute walk from Kita-Urawa Station on the JR Keihin-Tohoku and Negishi lines
- Completion: May 2009
- Number of Floors: 10F / B1, reinforced concrete construction
- Area: Gross Floor Area of approximately 477 tsubo (approx. 17,000 sq. ft.)
- Total Units: 49
