Commercial Real Estate Data Subscription Service
CBRE announced today the re-launch of its commercial real estate data subscription service, CREIS Japan.
Given the increased activity in the real estate market, CBRE has made significant changes to its CREIS indices, metrics, and areas covered, in providing a more accurate picture of the latest trends – now including assumed achievable office rents.
Updates to CREIS Japan
Revisions to the criteria for surveyed cities and sub-markets has made the following possible:
- Two years of actual and two years of forecasted office data
- Rent indices have been changed from asking rents to assumed achievable rents
- Areas covered: 13 major cities
Areas and data covered can be found in the previously released JOMV (Japan Office Market View):
Overview
Office
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Industrial
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Subject buildings
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As a general rule, buildings with Gross Floor Area (GFA) of 1,000 tsubo or more, and compliant with the new earthquake resistance standards
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As a general rule, facilities whose main purpose is as a warehouse
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Target locations
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13 cities
Fukuoka, Hiroshima, Kanazawa, Kobe, Kyoto, Nagoya, Osaka, Saitama, Sapporo, Sendai, Takamatsu, Tokyo, and Yokohama
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16 cities
Aichi, Chiba, Fukuoka, Hiroshima, Hokkaido, Hyogo, Ishikawa, Kagawa, Kanagawa, Kyoto, Miyagi, Okayama, Osaka, Saitama, Shiga, Tokyo
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Submarkets
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Tokyo – 13
Osaka – 6
Nagoya – 4
Yokohama – 2
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54 areas
No change
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Rent
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Assumed achievable face rent including Common Area Maintenance fees (CAM) but excluding incentives such as free rent periods
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Asking rent not including CAM
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Vacancy rate
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Calculated as before
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Calculated as before
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Forecast
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Net absorption, New supply, Vacancy rate, Assumed achievable face rent
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N/A
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Subscription Fee
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JPY500,000 (excluding tax)
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JPY500,000 (excluding tax)
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Subscription
Subscriptions are available for all qualified clients by contacting [email protected] or visiting CREIS site Subscription terms are one year from contract date.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Official Twitter account for Japan: @cbrejapan
Disclaimer
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.