Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
CBRE: LMT vacancy rate in Tokyo’s Gaikando area to remain very low over 2016-17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate for Large Multi-tenant Logistics Facilities (LMTs) in Tokyo’s Gaikando was virtually 0% in 2H15. There has been, and is not expected to be, new supply. Vacancy rates are expected to remain low in spite of the fairly high rents, given the area’s proximity to central Tokyo....
Read more.CBRE: LMT space in Tokyo Bay area to nearly double in 2H17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate for Large Multi-tenant Logistics Facilities (LMTs) in the Tokyo Bay area has risen to over 8% in late 2015 as a result of delays in the letting of one newly built facility. However the vacancy rate is expected to drop to nearly 0% over the coming two years. From 2H17, though, two redevelopment projects should virtually double the LMT stock in the Tokyo Bay area....
Read more.CBRE: 90% of new supply of LMT space in Greater Tokyo through 2016 in two areas
In its recently published 2016 Japan Outlook, CBRE Research noted that new supply of space in Large Multi-tenant Logistics Facilities (LMTs) in the Route 16 area of Greater Tokyo in the first nine months of 2016 should amount to 280,000 tsubo. Supply in the Ken-O-do area will amount to around 180,000 tsubo. Together, these two areas will account for around 90% of new supply of LMT space in Greater Tokyo over the course of 2016....
Read more.CBRE: Demand for LMT space in Greater Tokyo being boosted by rise of e-commerce
In its recently published 2016 Japan Outlook, CBRE Research noted that demand for space at Large Multi-tenant Logistics Facilities (LMTs) across Greater Tokyo has been boosted by the rise of e-commerce which has, in turn, had an impact on logistics. E-commerce in Japan in 2014 was JPY12.8tn, or 15% more than in 2013. E-commerce’s share of total sales grew from 3.9% to 4.4%. In the United States, by contrast, e-commerce’s share of total sales increased from 5.8% to 6.4%....
Read more.CBRE Record new supply of LMT space in Greater Tokyo through 2016-17
In its recently published 2016 Japan Outlook, CBRE Research observed that the vacancy rate for Large Multi-tenant Logistics Facilities (LMTs) across Greater Tokyo is expected to rise from the current level of about 3.5% to 6.0% over the coming two years. This is because of new supply of space. 2015 is likely to be a record year for new supply (of 290,000 tsubo), with 150,000 tsubo being completed in 4Q15 alone. Another 360,000 tsubo of new LMT space is likely to become available in 2016....
Read more.CBRE: Very low vacancy rates for LMTs in Greater Tokyo
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate for Large Multi-tenant Logistics Facilities (LMTs) across Greater Tokyo as a whole stood at 3.5% in 3Q15, having been below 5% since early 2012. This is partly because occupier confidence has risen since the Tohoku earthquake of 2011. It is also because companies have preferred to stock inventory in more than one location since the the earthquake. Also, companies have sought large scale warehouses, which are ...
Read more.CBRE: Broadly favourable conditions for office markets in Tokyo and elsewhere in 2016
In its recently published 2016 Japan Outlook, CBRE Research noted that most dynamics are positive for the office markets of Japan – in Greater Tokyo and elsewhere. Half of the new Grade A supply in Tokyo has been pre-let. The supply/demand balance is also tightening in other cities. In outer areas of Greater Tokyo, record new supply may pose challenges. CBRE found that investors have been diversifying into regional cities and alternative assets in their quest for yield....
Read more.CBRE: All grade office rents for Fukuoka to rise by nearly 14% over two years to 4Q17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate on all grade office space in Fukuoka is expected to fall by 2.6 percentage points to around 1.5%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 8%, and ranged between about 4% and 15%. CBRE is looking for rents on all grade office space in Fukuoka to rise by almost 14% over the two years to 4Q17....
Read more.CBRE: All grade office rents for Takamatsu to rise by 2% over two years to 4Q17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate on all grade office space in Takamatsu is expected to fall by 0.4 percentage points to around 10%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 14%, and ranged between 10.5% and 20%. CBRE is looking for rents on all grade office space in Takamatsu to rise by 2% over the two years to 4Q17....
Read more.CBRE: All grade office rents for Hiroshima to rise by 5% over two years to 4Q17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate on all grade office space in Hiroshima is expected to fall by 1 percentage points to around 2.5%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 9%, and ranged between 3.5% and 15%. CBRE is looking for rents on all grade office space in Hiroshima to rise by 5% over the two years to 4Q17....
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