Dear Life Acquires Office Building in Tokyo’s Nihonbashi-Hamacho

Dear Life acquired Nihonbashi Hamacho 2-chome Building, now DEAR LIFE Nihonbashi Hamacho Building, in Nihonbashi-Hamacho, Chuo Ward, Tokyo, in March 2026. The seller was Japan Airport Terminal Facilities Co., which develops and leases airport-related facilities. The property was developed by Daiwa House Industry and had been acquired by Japan Airport Terminal Facilities in October 2023.

The property is a nine-story office building completed in March 2022, with a Gross Floor Area of approximately 346 tsubo (approx. 12,300 sq. ft.). Clinics occupy the first and second floors. It is located on a corner site fronting Meijiza-dori Avenue, a one-minute walk from Hamacho Station.

The vacancy rate for office buildings within a 10-minute walk of Hamacho Station and with typical floor plates of less than 50 tsubo was approximately 5.1% at the end of May 2024, but has recently declined to approximately 2.2%, indicating steady demand, according to a survey by the editorial team based on estie Office Research. After acquiring the property, Dear Life renovated some floors as furnished setup offices and is marketing the building for sale at JPY 2.8 billion. The company aims to improve profitability and capture office demand in the surrounding area.

The company operates a real estate development business covering acquisition, development and sale, as well as a real estate investment business focused on operating and selling properties after value-add improvements. Since the beginning of 2026, Dear Life has acquired more than 20 income-producing properties, mainly in Tokyo.

Key Facts

• Property Name: Nihonbashi Hamacho 2-chome Building, now DEAR LIFE Nihonbashi Hamacho Building
• Buyer: Dear Life Co., Ltd.
• Seller: Japan Airport Terminal Facilities Co., Ltd.
• Acquisition Date: March 31, 2026
• Location: 2-43-4 Nihonbashi-Hamacho, Chuo Ward, Tokyo
• Nearest Stations: One-minute walk from Hamacho Station on the Toei Shinjuku Line; seven-minute walk from Ningyocho Station on the Tokyo Metro Hibiya Line and Toei Asakusa Line; eight-minute walk from Suitengumae Station on the Tokyo Metro Hanzomon Line
• Completion: March 2022
• Number of Floors: 9F, steel-frame structure
• Area: Site Area: Approximately 59 tsubo (approx. 2,100 sq. ft.); Gross Floor Area: Approximately 346 tsubo (approx. 12,300 sq. ft.); Typical Floor Area: Approximately 36 tsubo (approx. 1,300 sq. ft.)
• Use: Office, clinic and retail