Tag Archive for fukuoka

Tokyo’s Retail Real Estate Trends Q1 2024: Opportunities for Foreign Investors

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Summary of CBRE Japan Retail MarketView Q1 2024

Who is CBRE?

CBRE Group, Inc. (Coldwell Banker Richard Ellis) is a global commercial real estate services and investment firm headquartered in Los Angeles, California.

With operations in over 100 countries, CBRE is the world’s largest commercial real estate services and investment firm, offering a broad range of services,

including property sales, leasing, management, valuation, and advisory. Renowned for its extensive market research and industry insights,

CBRE provides valuable data and analysis to help investors, property owners, and tenants make informed decisions in the real estate market.

 

Overview

The CBRE Japan Retail MarketView (commercial properties) for Q1 2024 provides a comprehensive analysis of the retail real estate market across various key high street areas in Japan.

The report highlights trends in vacancy rates, average rents, and sector-specific demand, focusing on both Tokyo and regional cities.

Understanding Tsubo

In the Japanese real estate market, “tsubo” is a common unit of measurement for area. One tsubo is approximately 3.3 square meters or 35.6 square feet.

This unit is often used when discussing property sizes and rental rates in Japan, especially in the context of commercial and retail spaces.

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Is only Tokyo worth investing in Japan ?

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(Fukuoka city: Image was provided by Fukuoka city official site)
As we discussed in the previous post, we always recommend
foreign investors to start looking at Tokyo as the prime location to invest
in properties however, in addition to Tokyo, there are a few big local cities
where attractive investment opportunities exist.
Fukuoka city in Kyushu island is one of them.
Where is Fukuoka city ?
Fukuoka city is one of twelve government-designated cities
(namely large cities) such as Yokohama, Osaka, Nagoya
and has a population of 1.53 million people.(vs. 9.21 million in Tokyo 23 wards)
Here is the latest official forecast of its population and household
in the future announced by the Fukuoka city official.

(Please click the image to enlarge)
Its population will increase until 2035 and
notably the number of household (another important indicator for real estate
investing) will continue to grow until 2040 (or possibly beyond)
In Japanese real estate investing, the population matters so their
future is very bright.
Its gross population is ranked 5th in the government-designated cities.
In terms of population increase and population growth rate,
Fukuoka city tops in twelve cities.
From the global perspective, in ‘Livability ranking’ published by
MONOCLE magazine in London, Fukuoka city is ranked
14th in the world.Read more