Japan

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.

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%.

This residential submarket in Tokyo has a 19.6% rental premium

It has surpassed pre-COVID levels since last year.

Everything you need to know about the paradigm shift on homeownership in Tokyo

Owning a house used to be a major goal for the Japanese, but now more people prefer renting over buying.

Japan’s hotel market to finally see a full-fledged recovery 

Active hotel transactions are projected to continue in H2.

These were the new retail openings in Tokyo in Q2

Luxury brands continue to drive demand for prime spaces.