Tokyo
Tokyo and its Commercial Real Estate Market are unique in many respects. Did you know…
- Tokyo is the seat of the Japanese government, home to the Imperial Palace as well as the largest stock market – second largest in the world by market.
- Japan remains the world’s second largest economy and is the home to 67 of the world’s Fortune Global 500 firms.
- The retail market has opened up and is very active – including for foreign retailers, which are developing new regional shopping centers and outlet malls as well as well as expanding their luxury brand presence in key fashion districts such as Ginza and Omotesando.
- Tokyo is one of the world’s three world finance command centers, along with New York and London, and has the largest metropolitan economy in the world. It houses the headquarters of some of the world’s largest investment banks and insurance companies.
- Increased real estate fund and investment activity, an expanding commercial office sector, and growth in the retail, hospitality, and industrial markets continue to change the landscape of Japanese real estate.
- Tokyo’s market is currently transitioning from a “strong” Landlord’s Market to “just” a Landlord’s Market with landlords being more flexible in order to attract new tenants.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
