Japan
Full recovery still far off on the horizon for Tokyo’s office market
Multiple uncertainties are delaying the progress.
Full recovery still far off on the horizon for Tokyo’s office market
Multiple uncertainties are delaying the progress.
Tokyo’s limited 2024 supply forecast to help stabilise the office market
The pipeline for this year is only a third of the 2023 level.
This area was the standout performer in Tokyo’s office market in 2023
It had the lowest vacancy of 1.6% in Q4 2023.
Tokyo Grade B office rents inch up 0.5% in Q4
Shibuya and Shinjuku saw the largest quarterly rise.
Tokyo Grade A office rents rise for second quarter in a row in Q4
Rents in the central five wards grew by 0.5%.
Tokyo overall industrial vacancy rate rises for the first time in two quarters
Vacancy grew by 30bps to 7.6% in Q3.
What were the two notable hotel openings in Tokyo in Q3?
The new hotels brought supply to over 22,000 keys as of September.
Osaka office rents decline by 2.9% in Q3
There is significant supply expected by next year, causing rents to trend lower.
Tokyo’s 2023 new office supply expected to reach record levels
It’s set to be the second largest supply volume according to JLL data.
Tokyo prime retail rents rise by 13.5% in Q3
Ground floor rents drove the growth during the quarter.
Here’s a rundown of Japan real estate investment market’s Q3 performance
The industrial sector remains attractive for investors.
Tokyo tenant relocation trends: Everything you need to know
Majority of the relocations are office consolidations.
Here’s what to expect from Tokyo’s office market for the rest of 2023
Analysts expect its present stable trajectory to continue.
Tokyo Grade A office rents inch up 0.1% in Q3
And average vacancy rates slightly softened to 3.4%.
Guess which area has the highest Grade B office vacancy rate in Tokyo
The vacancy rate was at 8.2% in Q3, and has been consistently high since the pandemic.
Here’s how Tokyo residential rents differ per unit size
Rents in small units that are 15 to 30 sqm in size rose by 1.6% in Q3.
Tokyo mid-market residential rents up 0.1% in Q3
In the central five wards, rents grew by 1.8%.
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