Japan's tallest skyscraper to include $43,000 a month apartments

Rise in office vacancies forces Torch Tower developers to seek range of tenants

A rendering of Torch Tower, which will be located by Tokyo Station. (Photo courtesy of Mitsubishi Estate)

Nikkei staff writers

January 9, 2022 00:05 JST

TOKYO -- Japan's tallest building under construction here by Mitsubishi Estate will include about 50 luxury apartments, marking a major shift away from devoting space to offices as the rise of telecommuting changes the face of real estate

Torch Tower will face the city's hub of Tokyo Station and is scheduled for completion in fiscal 2027. The rent for the apartments will be more than 5 million yen ($43,000) a month.