COVID-19 Shock - Covid impact on the Japanese office market

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.

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.

The novel coronavirus outbreak, first reported from Wuhan city in Hubei province, central China, represents a new downside risk for the regional economy.