nagoya

Tokyo’s Retail Real Estate Trends Q1 2024: Opportunities for Foreign Investors

Summary of CBRE Japan Retail MarketView Q1 2024

Who is CBRE?

CBRE Group, Inc. (Coldwell Banker Richard Ellis) is a global commercial real estate services and investment firm headquartered in Los Angeles, California.

With operations in over 100 countries, CBRE is the world’s largest commercial real estate services and investment firm, offering a broad range of services,

including property sales, leasing, management, valuation, and advisory. Renowned for its extensive market research and industry insights,

CBRE provides valuable data and analysis to help investors, property owners, and tenants make informed decisions in the real estate market.

 

Overview

The CBRE Japan Retail MarketView (commercial properties) for Q1 2024 provides a comprehensive analysis of the retail real estate market across various key high street areas in Japan.

The report highlights trends in vacancy rates, average rents, and sector-specific demand, focusing on both Tokyo and regional cities.

Understanding Tsubo

In the Japanese real estate market, “tsubo” is a common unit of measurement for area. One tsubo is approximately 3.3 square meters or 35.6 square feet.

This unit is often used when discussing property sizes and rental rates in Japan, especially in the context of commercial and retail spaces.

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Rising Used Condominium Prices in Tokyo and Major Japanese Metropolitan Areas: A Closer Look at the Trends

 

Rising Used Condominium Prices in Tokyo and Major Japanese Metropolitan Areas

Tokyo Kantei Press Released on March 23, 2023

 

Major Cities in the Three Major Metropolitan Areas: Monthly Trends in Used Condominium Prices (70 sqm)

In February, used condominium prices in the Tokyo metropolitan area increased

by 0.4% compared to the previous month, reaching 48.66 million yen,

marking the third consecutive month of increase.

In central Tokyo, prices once again surpassed the 100 million yen mark.

The average prices in the Kinki and Chubu regions also continued to rise modestly,

with no significant downward movement seen in the market.

In February 2023, used condominium prices in the Tokyo metropolitan area

rose for the third consecutive month, with a slight increase of 0.4% compared to the previous month,

reaching 48.66 million yen.

 

When looking at the data by prefecture, Tokyo saw an increase of 0.7% to 64.41 million yen,

surpassing the record high set in December of the previous year.

 

In Kanagawa Prefecture (+0.4%, 36.68 million yen), prices continued to rise compared

to the previous month, while in Chiba Prefecture (+1.7%, 28.29 million yen),

prices have been on an upward trend since April of the previous year.

 

On the other hand, prices in Saitama Prefecture decreased slightly by 0.4% to 30.49 million yen,

marking the first decline in six months.

 

The average price in the Kinki region increased for the first time in two months,

with a slight increase of 0.2% to 29.14 million yen, due to the strength of the Osaka area.

In Osaka Prefecture, the price showed a similar movement with a 0.2% increase to 31.28 million yen,

but it did not surpass the level reached in December of the previous year.

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5-storey residential building in Nagoya city for sale: Rare opportunity to buy a property in central Nagoya

 

(Nagoya station, Meitetsu line)

Just a snap entry about a property in Nagoya.

It is a VERY good opportunity for someone looking for a good investment in Nagoya area.

The yield is very high and it comes with the awesome financing.

5-storey residential building in Nagoya city

Location : Minami-ku, Nagoya city, Aichi prefecture
10 min walk to the nearest station(Meitetsu line)
and it is only 11 mins to 
Nagoya station. Excellent location.
Gross yield (return) before the cost : 9.5 % basis 100% occupied

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