New Zealand has a growing reputation of being a safe haven for long term investors in an increasingly uncertain global economy.
Global investors are joining with European partners to develop their presence in the region’s highly competitive real estate market.
Today’s employees expect more from their workplace canteen than in previous years both in terms of what’s being served and when it’s available.
Recycling, reusing and repurposing products is becoming more popular as the circular economy gains ground. So what does this mean for the workplace?
As coworking continues to grow in popularity in cities around the world, hotels are increasingly looking for a slice of the market.
Governments are now catching up the private sector when it comes to creating workplaces that better meet the needs of their employees.
Major funds are continuing to shift investment efforts toward commercial real estate markets.
The offer of residency remains far from a one-size-fits-all answer to encourage direct real estate investment.
Japan’s hotel sector is already prepping for next year’s Rugby World Cup, which in addition to drawing thousands of visitors to the country’s biggest cities is expected to pull groups of rugby-mad spectators further off the beaten path.
JLL identifies the world’s most dynamic cities, based on a range of socio-economic and commercial real estate indicators.
Space is sparse, costs are high, and finding a suitable place to live has become a real challenge. One solution, in short, is to go small. Micro apartments have cropped up in dense cities across the globe.
Urban living gets a makeover as affordability shrinks, the sharing economy expands
From 2018 to 2020, as much as 1.7 million square meters of A-grade office space will become available in the city center. Existing buildings, often seen as having lower specs than new buildings, are expected to suffer from high vacancy rates when tenants move to buildings with better conditions, but...
In the Tokyo office market, supply is barely meeting demand. As landlords increase rent rates, more and more tenants are revising the floor plans of their rented spaces. According to a survey by JLL, the vacancy rate of A-grade office spaces in Tokyo as of the end of July 2018 was 1.9%. It's a lender’s market, and tenants . . .
Tech is making its presence felt in the Tokyo office market. More major Japanese IT companies than ever are moving in, and their foreign counterparts continue to do so as well. They are expanding with explosive speed, and the boom is pushing up a demand for floor . . .
The amount of flexible workspace in Tokyo’s office market grew sharply last year as WeWork entered the market, with new laws expected to further increase demand.
Osaka will host the 2025 World Expo. This is a heaven-sent opportunity to raise Osaka’s profile internationally. The news is expected to not only boost the area’s realestate market, but also help build an economy to rival Tokyo’s
The biggest issue in the real estate market in Japan is the shortage of goods. There are increasingly big changes in the investment strategies of overseas investors. The key to these changes is in three diversifications.
M&A activity is growing across Asia Pacific’s real estate market, a sign that institutional investors are continuing to increase their allocations to real estate.
The level of governmental action needed to meet the Paris emissions targets remains far short, but private actors, including many in the global real estate sector, are taking up the challenge.
As cities across Asia arm themselves with the newest technologies to become the smart cities of the future, Tokyo is doing what it does so well – quietly leading the charge with cutting-edge innovation.
A new branch of Japan House, a project to spread information by the Japanese Ministry of Foreign Affairs, opened its doors in London on June 21, 2018. These Japan Houses serve as PR bases . . .
Sustainable buildings are increasingly making their mark on skylines across Asia as demand for eco-friendly hotels and offices continues to rise.
Industrial production stood at 100.8 in January, decreasing 3.7% m-o-m. This was a decrease for the third consecutive month. Assessment of the current state for industrial production was lowered from “increasing moderately” to “pausing.”
In 4Q18, the Japanese commercial real estate investment market was solid and rose 9% q-o-q, but decreased 22% y-o-y from JPY 917 billion (in terms of USD, a 8% qoq increase to USD 8.1 billion). Although the pace was faster than the previous year until the third quarter, during the fourth quarter, the speed fell sharply and full year volume was 3% lower y-o-y or JPY 4.11trillion (down 1% y-o-y to USD 36.4 billion).
Osaka has been chosen as the host of the World Expo 2025. The theme for the event will be “Designing Future Society for Our Lives,”which aims to establish the “People’s Living Lab,” a social experiment site focused on total social optimization through innovative technologies such as IoT, AI and big data. The event will take place over 185 days, from May 3rd to November 3rd, 2025.
At the Monetary Policy Meeting, the Bank of Japan decided to maintain the current guideline for money market operations. For the long-term
interest rate, BOJ will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero per cent.
Tokyo Logistics Market Summary Q4 2018
Retail sales for large-scale retailers decreased 1.4% y-o-y in Tokyo in November, decreasing for the first time in four months. Department store sales in Tokyo increased 0.2% y-o-y, growing for the fourth consecutive month.
The vacancy rate stood at 1.1% in 4Q18, increasing 5 bps q-o-q and decreasing 80 bps y-o-y. The slight increase reflected tenant turnover in submarkets including Umedaand Midosuji.
The hotel real estate market is expected to remain healthy in 2019, thanks to strong fundamentals driven by a positive outlook on tourism travels, sustained growth forecasts for hotel operating performance and a record level of dry power for acquisitions. Return on hotel investment is attractive, compared to other asset classes and we expect global hotel investment volumes to hold steady in 2019.
Japan’s real GDP registered negative growth of 0.6% q-o-q (SAAR) in 1Q18, contracting for the first time in nine quarters since 2015.