Japanese Property Market Quarterly Review,First Quarter 2014-Grade-A Offices Lead Full Fledged Market Recovery-　|ニッセイ基礎研究所

■Summary

Japan`s actual GDP growth is likely to secure 2% in fiscal year 2013 with “Abenomics” and the rush of demand before the consumption tax increase. The housing market has already been affected by a reversal from the rush of demand and rising construction costs. In “Chika Kouji 2014,” the number of land price appreciating spots increased significantly.
Office vacancy rates have decreased in Tokyo due to active moves and expansions by corporations, and the rents of Tokyo Grade-A offices and new buildings have been recovering strongly. Residential rents remained flat, though they are recovering in the medium term. The number of foreign visitors increased further in the first quarter and hotel occupancy rates remained high. Logistics vacancy rates remain low with strong demand though sizable supply continues.
J-REIT market declined by 3.3% in the first quarter outperforming the equity market. While some corporations and private funds divested their assets with rising property prices, the investment market maintained its vibrancy before the fiscal year end.

日付	タイトル	執筆者	媒体
2017/06/19	「国際金融都市・東京」構想と不動産市場～日本版金融ビッグバンから東京版金融ビッグバンへ～	加藤えり子	研究員の眼
2017/06/07	オフィス・ホテル・物流市場では供給消化が好調維持の鍵ー不動産クォータリー・レビュー2017年第1四半期	加藤えり子	基礎研マンスリー
2017/05/08	オフィス・ホテル・物流市場では供給消化が好調維持の鍵－不動産クォータリー・レビュー2017年第1四半期	加藤えり子	不動産投資レポート
2017/03/06	地方都市でオフィス需給逼迫、東京は大量供給？に見えるもの	加藤えり子	研究員の眼

日付

タイトル

執筆者

媒体

2017/06/19

加藤えり子

研究員の眼

2017/06/07

加藤えり子

基礎研マンスリー