Japan Cap Rate Survey September 2022

Average expected yields for Tokyo fell in all sectors other than hotels, where they remained unchanged. CBRE’s latest Tankan Survey showed that the Diffusion Index (DI) worsened in the category of “stance on investment and loans” for both Tokyo Grade A offices and logistics facilities (multi-tenant). In terms of future projections, however, there was a rise in the number of respondents indicating that they planned to accelerate investment activity, with fewer indicating plans to suppress it.