CBRE Leads Japanese Commercial Real Estate Investment Sales Activity in 2025

TOKYO, March 23, 2026 - CBRE K.K. (Headquarters: Chiyoda-ku, Tokyo; President & COO: Takashi Tsuji) was the top-ranked firm for global commercial real estate investment sales during 2025, according to MSCI Real Assets—marking the 15th consecutive year that CBRE has held the number-one position.

MSCI Real Assets credited CBRE with a 25% market share across all property types on a global basis in 2025—an 800-basis point lead over the nearest competitor.

In addition to being number one globally, CBRE held the top spot for commercial real estate investment sales in all three geographic regions—the Americas (23%); Asia Pacific (35%); and Europe, Middle East & Africa (22%). CBRE also ranked first globally across most major property types, including office (25%), industrial (30%), multifamily (22%), and retail (22%).

According to the MSCI Real Assets, CBRE achieved an overall market share* of 62.0% in Japan's commercial real estate transaction market for fiscal year 2025, up 11.8 percentage points from the previous year. In asset-category rankings, CBRE topped major sectors including office, industrial (logistics, manufacturing facilities, etc.), retail, residential, and hotel. CBRE demonstrated a commanding presence in Japan's real estate market, significantly outpacing its competitors.

Notable transactions in Japan included cases where CBRE supported corporate asset strategies by handling multiple facilities, as well as end-to-end engagements covering site acquisition, facility development, leasing, property management, and asset disposition — all provided on a one-stop basis. In a real estate market facing rising interest rates, CBRE leveraged its comprehensive capabilities to propose tailored strategies and support a diverse range of real estate transactions.

Takashi Tsuji, President & COO of CBRE Japan, commented: "In the world of real estate investment, where a proven track record generates expertise and trust, I am very pleased that we have been able to maintain such a high market share. I am also deeply grateful to our many clients for recognizing our 'advanced expertise' and 'diverse advisory capabilities.' Last year, we gained valuable insights through new challenges, including corporate real estate solutions, large-scale data center initiatives, and co-investment approaches in asset management. Going forward, we remain committed as one united team to supporting the growth of the Japanese economy through real estate — by continuing to create compelling and strategic real estate transaction opportunities."

*Market share is calculated based on the U.S. dollar transaction volume of deals on which CBRE acted as sell-side advisor, divided by the total volume of brokered buy-sell transactions.

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