logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Japan
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
English
  • 日本語
  • English
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Corporate Coverage
      • Global Workplace Solutions
      • Property Management
      • Valuation Advisory & Consulting Services
    • Industries & Specialities
      • Office
      • Industrial & Logistics
      • Retail
      • Data Center Solutions
      • Hotels
      • Flexible Workspace
    • Services for Investors
      • Asset Management
      • Capital Advisors
      • Consulting
      • Leasing & Advisory
      • Project Management
      • Property Management
      • Property Sales
      • Valuation & Advisory
      • Renewable Energy Advisory & Consulting
    • Services for Occupiers
      • Enterprise Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Project Management
      • Transaction Management & Portfolio Services
      • Valuation & Advisory
      • Workplace Strategy
      • Renewable Energy Advisory & Consulting
  • Properties
  • Research & Reports
    • About Research
      Japan Research Archive
      Asia Pacific Research
      Global Research & Reports
      Global Research Support
  • People & Offices
  • About CBRE
    • Corporate Information
      Corporate Profile
      A Message from the President & CEO
      Media Center
      Awards & Recognition
      Corporate Responsibility
      ESG Initiatives
      Investor Relations
      Careers
      File Transfer Services

Next

CBRE Advises Panasonic and Kyocera on Land Sale, Maximizes Value of Asset
  • Home
  • About CBRE
  • Media Center
  • CBRE releases Q2 2018 Japan Logistics MarketView

CBRE releases Q2 2018 Japan Logistics MarketView

Tokyo | July 31, 2018
  • Email
  • Share
  • Tweet
  • Share

New supply during the quarter in Greater Tokyo area all completed with full occupancy

 

CBRE today released its Japan Logistics MarketView for Q2 2018.

 

Highlights:

  • The vacancy rate for LMT (Large-size multi-tenanted logistics) properties in the Greater Tokyo Area declined by 1.6 points q-o-q to 5.3% in Q2. Take-up was seen in properties completed during the previous quarter, and all four new properties completed this quarter opened fully let, pushing down the vacancy rate.
  • While new supply this quarter was 66,000 tsubo, much lower than last quarter's 202,000 tsubo, net absorption was 106,000 tsubo, the third highest since CBRE started the research in 2004. On the back of tight supply-demand balance, effective rents in the Greater Tokyo Area rose by 1.0% q-o-q to JPY 4,120 per tsubo.
  • New supply for the Greater Tokyo Area is expected to be 112,000 tsubo in Q3 2018 and 89,000 tsubo in Q4 2018. Although this exceeds the three-year quarterly average of 85,000 tsubo, the current solid level of demand is expected to ensure the vacancy rate remains flat over the remainder of 2018.
  • Availability is scarce in properties in Central Tokyo. In the Tokyo Bay Area, the only property scheduled for completion in 2018 (due in Q3 2018) is already fully let. In the Gaikando Area, only one property has vacant space remaining, and no new supply is scheduled until 2019.
  • The vacancy rate in the Greater Osaka Area LMT market fell sharply in Q2 2018, falling from 21.2% in Q1 2018 to 17.5%. In the inland area of Kobe city, a property completed during the previous quarter is almost fully occupied, leaving only one other property with available space in the overall inland area of the Greater Osaka region. Space has also been filled in the waterfront area, and a property completed last year in Sakai is now fully occupied.
  • In the Greater Nagoya Area LMT market, the vacancy rate fell from 10.6% in Q1 2018 to 8.6% in Q2 2018. All properties completed last year are now fully occupied. Tenant enquiries are picking up rapidly for properties scheduled for completion next year and beyond, as there is little availability in existing properties.
  • Effective rents in the Greater Osaka Area were JPY 3,480 per tsubo, unchanged from the previous quarter. In the Greater Nagoya Area, effective rents rose by 0.3% to JPY 3,540 per tsubo.

 

For further details, refer to the Q2 2018 Japan Logistics MarketView published by CBRE.
https://www.cbre.co.jp/en/research-reports/industrial-reports

Download this news release in PDF format

 

ABOUT CBRE GROUP, INC.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Please visit our global website at www.cbre.com or our Japan office website at www.cbre.co.jp/en.
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.

Media Contacts

Marketing & Communications
+81 3 5288 9283
  • About Us
  • Corporate Information
  • People & Offices
  • Media Centre
  • Corporate Responsibility
  • Investor Relations
  • Careers
  • Contact Us
  • Terms of Use
  • Japan Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Transactions Involving Financial Instruments
  • Basic Company Policy on Dealing with Anti-Social Elements
  • Global Supplier Code of Conduct
  • LinkedIn
  • Twitter
  • Facebook
  • YouTube
  • Instagram