JAPAN MARKETBEAT REPORTS

Hideaki Suzuki • 23/01/2020
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: Despite a doubling of annual new supply the market will continue to be favorable for owners. Tokyo’s working-age population is forecast to continue to growth until 2025, contributing sustained high demand for Grade A office buildings.

Retail: With greater numbers of long-haul visitors for the Rugby World Cup and Chinese visitors, inbound spending hit a record high in Q3, up 9.0% year-on-year.

Logistics: With high quantity and good customer relations Amazon is establishing a new norm for  e-commerce logistics in Japan, partially driven by ecological concerns in the logistics industry.

Investment: By sector, office transactions slowed, contracting 56.6% y-o-y in Q4, due to limited options and tight yields. Logistics, hotel and residential sectors were favored by institutional investors, dominating overall volume with y-o-y increases of 89.6%, 94.2% and 104.71% respectively. 

Key economic indicators: Real GDP decreased by 6.3% q-o-q annualized, marking the first negative growth in five quarters.

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

CURRENT MARKETBEATS

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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Office Buildings CBD
Tokyo Office Report

Asking rent of Tokyo Grade A office at the end of 2019 was 37,736 yen, up 0.78% YoY, and the vacancy rate was 1.64%, down 0.15 pp.

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Shopping Retail
Japan Retail Report

Retail sales slip from consumption tax hike and natural disasters.

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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 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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