Japan
Larger Tokyo residential units command rising rental premium in Q1
Larger Tokyo residential units command rising rental premium in Q1
Rents for units in the 45-60sqm segment rose 1.3%.
Tokyo residential occupancy rate increases to 96.8% in Q1
This represents an increase of 0.6 percentage points from the previous quarter.
Q1 migration trends boost demand in Tokyo’s affordable suburbs
Over 3,000 people relocated to areas outside central Tokyo in Q1, up 62%.
Tokyo residential rents rise 3.3% as outer wards lead growth
Central Tokyo rents grew for the 11th consecutive quarter in Q1.
Central Tokyo residential rental premium widens to 22.4% in Q1
It increased by 0.7 ppts from 2025.
Tokyo office supply expected to dip below 2025 levels in 2026
Tight vacancy and limited supply will support the city’s office rental momentum.
Tokyo Bay Area office rents hit new peak amidst strong spillover demand
Prime office rents increased by 18.5% in Q1.
Tokyo large-scale grade B office rents surpass 2020 peak
Rents rose nearly 20% year on year in Q1.
Tokyo prime office rents surge to record 18.2% in Q1 2026
Key wards report near-zero vacancy.
Strong fundamentals support Japan real estate outlook into 2026
Investor appetite remains robust across sectors.
Tokyo hotel sector expands with a wave of new luxury openings
In 2026, 1 Hotel Tokyo is set to enter the market.
Japan logistics market poised for sustained momentum
Supply constraints are expected to support rental growth.
Greater Tokyo 2026 logistics supply to underperform 2025 levels
Total supply hit 2.5 million sqm in 2025.
Japan logistics sector draws big-ticket deals in 2H 2025
The largest transaction was a Blackstone-led deal worth JPY100 billion.
Greater Osaka logistics supply to plummet by 34% to 1.2m sqm in 2026
Robust demand should continue to absorb existing space.
Tokyo logistics demand outpaces supply for the first time in five years
Vacancy declined to 8.3% in 2025.
Osaka grade A office vacancy expected to tighten to 2.8% by end-2026
No additional supply is expected through 2030.