Japan Real Estate Market Quarterly Review-Third Quarter 2024

2024年11月11日

（Yoshida Tasuku） 不動産市場・不動産市況

関連カテゴリ

Macro Economy
 
  • In Q3 2024, Japan’s real GDP is expected to increase by 0.2% q-o-q (annualized 0.8% increase), the second consecutive growth
  • Japan’s real GDP is expected to expand by 0.7% in FY2024, and 1.1% in FY2025

Real Estate Market
  • Tokyo's office market remains resilient, supported by stable office demand
  • Multifamily rents in Tokyo’s 23-ku are steadily increasing driven by population influx
  • Retail sales continue to grow, fueled by strong inbound consumption
  • Vacancy rates in Greater Tokyo’s logistics sector remain elevated due to new supply
  • The hotel market continues to perform strongly, fueled by robust inbound demand

Capital Market
  • J-REITs remain stable at lower levels, pressured by ongoing concerns over rising interest rates
  • J-REITs acquired property assets totaling JPY366 billion in Q3 2024 (22.6% increase y-o-y)
 
 

This report includes data from various sources and NLI Research Institute does not guarantee the accuracy and reliability. In addition, this report is intended only for providing information, and the opinions and forecasts are not intended to make or break any contracts.

Financial Research Department  

Yoshida Tasuku（）

研究領域：不動産

研究・専門分野

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関連カテゴリ・レポート

オフィスレントインデックス

鉱工業生産指数│日本

QE速報・予測

人口動態統計

不動産投資レポート

経済予測・経済見通し

Japan's economy

個人消費

労働市場

不動産市場・不動産市況

REIT（リート）

土地・住宅

都市計画

CRE（企業不動産戦略）

統計

新型コロナウイルス

ウィズコロナ・アフターコロナ