Toranomon Sakura Toranomon Sakura


Leasing the Toranomon Sakura Building

01 The Challenge

The occupancy rate at the end of October 2015 after NIPPON REIT Investment Corporation acquired the Toranomon Sakura Building was 48.5%. As the occupancy rate did not rise despite completing a renewal and there being no issues in terms of facilities and quality grade under the previous owner, in September 2016 they decided to engage Cushman & Wakefield, for leasing management expertise.

02 The Solution

When Cushman & Wakefield initially undertook this, building renewal had already been completed, turning it into a high-grade building. We therefore proposed changing the leasing strategy rather than the hardware to increase the occupancy rate. More specifically, we proposed splitting recruitment around 100m2 each, which was predicted to have the highest demand, without depending on recruiting for an entire floor or large lot. Furthermore, we provided the know-how when attracting tenants to split small lots.

03 The Result

While the occupancy rate when we undertook this project was around 60%, Cushman & Wakefield achieved a 100% occupancy rate in only 6 months after being entrusted with leasing management, contributing to a higher return. Subsequently, whenever a vacancy arises, Cushman & Wakefield has engaged to successfully attract tenants in a short period of time, maintaining a 100% occupancy rate.

Meet the Team


Contact us to discuss how our experience on this project could be translated to your business requirements.

Related Stories

Trancom • Transportation
Learn More
Foreign Lenders Storycard
Foreign Lender • Banking & Finance services
Learn More
Cushman & Wakefield
Osaka Flagship Store Leasing • Osaka Flagship Store Leasing
Learn More

Related Services

Leasing Management

Are you ready to optimise your commercial property occupancy? Our agency leasing team can help you with maximising rental returns, improving tenant retention, and increasing overall asset or portfolio ROI.

Learn more

Are you ready for what’s next in commercial real estate? Our consultants can help you tackle a wide range of business challenges, including workplace strategy and change management, location and labour force analysis, and portfolio strategy.

Learn more
Asset Services

Are you ready to increase your asset value? Our asset services team will help you minimise operating costs, improve efficiencies, and enhance customer service.

Learn more


We’re on hand to help. Get in touch and we can help with any additional information you need.