Commercial

"Ikebukuro is a late bloomer in the current cycle, undergoing large-scale redevelopment for the first time in 40 years. This may be well-timed as, with nearly 3 million commuters passing through the station on a daily basis, the surrounding area could be a prime location for satellite offices."

"Shinagawa’s convenience combined with its affordability compared to Tokyo’s central five wards have made it an attractive alternative for residents and corporate tenants alike, particularly in the latter stages of this upswing. Although the submarket might experience some volatility in the near-term as a result of COVID-19, Shinagawa’s prospects are positive on a long-term basis."

"Thanks in part to the success of its many redevelopment projects, Yokohama has once again established itself as a major economic hub. Moreover, the onset of COVID-19 could see its popularity rise further owing to its favourable work-life environment. Meanwhile, the relative youthfulness of the city should help ensure that real estate fundamentals remain firm in the years to come, despite Japan’s demographic challenges."

"Even as COVID-19 has disrupted Japan’s bullish market, opportunities to purchase core-type assets in Tokyo’s CBD remain limited, as most owners choose to hold on to prime property. "

"With the Tokyo Olympics in sight, Japan entered 2020 with high hopesand sound fundamentals. Sadly, the COVID-19 pandemic has dashed thesehopes and presents a major challenge to the domestic property market."