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Tokyo

Asia Pacific Commercial Investment Dives 27 Percent in 2022

Commercial real estate investment in Asia Pacific in 2022 declined by 27% year-on-year as a tightening interest rate cycle and global macroeconomic uncertainties influenced decision-making.

Office Rents, Vacancies Continued to Decline Across Tokyo in Late 2022

According to global property consultant CBRE, Tokyo's All-Grade office vacancy rate fell by 0.2 points to 4.7% in Q4 2022, representing the first q-o-q decline in almost three years since Q1 2020. Take-ups by relocations aimed at upgrading or expansion outpaced new vacancies.

Location, Flexibility and Quality Shapes How People Live, Work and Shop in Asia

According to CBRE's latest Asia Pacific Live-Work-Shop Report, while the adoption of hybrid work continues to have a major influence on where consumers are choosing to work and live, more people in Asia Pacific are actually planning to move closer to city centers.

Global Residential Rents Continue to Climb Despite Worldwide Economic Uncertainties

According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down from a high of 11.9% in Q1 2022.

Tokyo Property News












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