Hideaki Suzuki • 11/05/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Economic pressures from the COVID-19 crisis are now crimping demand, with trimmed relocation budgets and postponed business expansions coupled with the rise of remote working.

Retail: Retail leasing sectors highly reliant on foreign visitor spending have been hard hit. Evidently, rental growth in Osaka Shinsaibashi was driven by drug stores favored by tourists for healthcare goods, cosmetics and OTC medicine.

Data Center: Megaport has launched operations in Tokyo, with the connectivity provider beginning services at two Equinix locations and the @Tokyo CC1 facility. Further expansion is planned at other Tokyo data centres, with Osaka following.

Key Economic Indicators: Trade balance fell to a deficit at JPY 930.4 billion. Export declined by 20% y-o-y, and extent of decline has been largest since Global Financial Crisis in October 2009.

Learn more by clicking our most recent Japan MarketBeat reports below.


Office Buildings CBD
Tokyo Office Report

New office supply from 2018 to 2020 has been plentiful but net absorption still grew by 2.94% q-o-q and 5.23% y-o-y, indicating sustained market strength.

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Shopping Retail
Japan Retail Report

Prime rent of the area had doubled from JPY 150,000 in 2015 to JPY 300,000 in 2017. However, the rental dipped to JPY 280,000 in Q1 2020 and is expected to slide further, with no other main drivers in the market.

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Data Center marketbeat
Tokyo Spring 2020 Data Centre Report

Large players are still interested in obtaining better connectivity both to Greater Tokyo and throughout the country, with a new cable coming online shortly and data centre giant Megaport beginning service in-country.

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Warehouse Internal Rack
Japan Investment Report

Preliminary data shows transaction volumes for real estate investments over JPY 500 million at JPY 1,019.6 billion yen, down 22.9% y-o-y. 

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Warehouse Internal Rack
Japan Logistics Report

A further 2,636,184 sq.m. is planned to complete in 2020, accommodating Tokyo’s strong logistics demand.

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Warehouse Internal Rack
Japan Key Economic Indicators Report

Large manufacturers’ DI slipped 8pt from the previous survey, and has deteriorated for a fifth consecutive term. It is now at the lowest level in 7 years.

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Policy Watch Tokyo Report 2020
Article • Insights

Policy Watch Tokyo: April 10

COVID-19 first spread out in China and suspended economic activities of the nation. Having a close economic relationship with China, Japan industries are gradually affected by the outbreak. Government of Japan released the first economic stimulus package in mid-February. As local outbreak happens and situation worsening, government has proposed different measures to contain the spread and secure economy.
Hideaki Suzuki • 10/04/2020
prime retail 2018
Research • Insights

Prime Retail Markets Across Japan

Hideaki Suzuki • 26/09/2018
Key Economic Indicators Q2 2020
Insights • Investment

Key Economic Indicators report

The GDP growth rate has recorded a negative growth for the second consecutive term, and now is considered to be a technical recession. Due to the prevention of the spread of new coronavirus infections, movements of people and things have been significantly slow around the world, and the macro environment worsened y-o-y, though the numbers still show better results than widely expected. 
Erika Watanabe • 01/06/2020