Press Release
CBRE Leads Commercial Real Estate Sales Activity in Japan in 2023
~ CBRE Holds Top Spot Across Major Property Types in Japan: Office, Industrial, Retail, Apartments and Hotels ~
March 25, 2024
CBRE held the top spot across the five major asset types in Japan in 2023: office, industrial, retail, apartments, hotels. MSCI Real Assets credited CBRE with a market share* of 61% across all property types in Japan in 2023—significantly higher than the number two firm.
CBRE continues to lead the commercial real estate investment market in Japan, ranking number one across the five largest asset classes: office (67% market share), industrial (84% market share), retail (47% market share), apartments (44% market share), and hotels (49%).
“We have seen a notable increase in client requests in Japan to maximize their value, and we are dedicated to collaborating with them to capitalize on attractive and strategic real estate investment opportunities that contribute to the growth of the Japanese economy,” said Takashi Tsuji, President and Chief Operating Officer for CBRE. “We deeply appreciate our clients' recognition of our expertise and our capability to deliver comprehensive real estate solutions.”
CBRE’s representative transactions in Japan encompass a wide range of asset classes, including large logistics portfolio transactions across various Asian countries, large office transactions in the Tokyo metropolitan and Kansai areas, and multiple residential rental portfolio transactions. Transactions extend to other asset types such as hotels, benefitting from the surge in tourism to Japan, and data centers, driven by the increased demand for cloud services and data transmission volume.
*Market share is calculated based on the dollar value of transactions in which CBRE acted as the seller's agent divided by the total value of brokerage transactions.
About CBRE K.K.
CBRE K.K. is the Japanese subsidiary of the U.S.-based CBRE Group, Inc. and a leading provider of integrated real estate services for corporate clients in Japan. With a legacy dating back to the founding of its predecessor, Ikoma Shoji, in 1970, CBRE has served as a trusted real estate expert in Japan for over half a century. The firm offers a comprehensive suite of over 20 service lines, including leasing and sales brokerage, advisory services, property management, and valuation, delivered from 8 offices nationwide. Its team of approximately 1,800 professionals (including subsidiaries) is committed to providing optimal, impartial, and data-driven real estate solutions that serve as an essential business infrastructure for its clients. For more information, please visit our website at www.cbre.co.jp and follow our social media accounts on LinkedIn, X, and Facebook.
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 and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.