Last Update: 07/13 2020 06:00 JST

Figures and Statistics

Coverage of various third-party market reports and our findings

  • COVID-19 affects asset types differently: Daiwa Real Estate Appraisal 06.11.2020

    Daiwa Real Estate Appraisal announced the results of its questionnaire survey on the impact of COVID-19. While negative views of the real estate transaction market and appetite for acquisition were limited to 10% to 20%, over half of respondents expect post-pandemic real estate prices to be lower than before COVID-19. However, different asset types varied significantly. The questionnaires were sent to those in charge of property acquisition at client companies of Daiwa Real Estate Appraisal. >>

  • BOJ survey indicates business conditions declining due to coronavirus 04.03.2020

    Business sentiment in the real estate industry are declining. According to the Bank of Japan’s (BOJ) Short-Term Economic Survey of Enterprises in Japan (Tankan) released on April 1, the real estate industry’s business conditions diffusion index (DI) in March was 32 percentage points for large enterprises. While still in the favorable range, this is three percentage points lower than the last survey (December 2019). The forecast for three months from now is a significant 13 percentage points decline.>>

  • Loans to real estate exceed Y100tn for first time 06.03.2019

    The balance of outstanding loans granted by domestic financial institutions (banks, credit unions, governmental financial institutions, etc.) to the real estate industry exceeded 100 trillion yen [$900 billion] (Figure 1) for the first time. >>

  • Loans to real estate reach Y99tn as capital demand remains avid 11.21.2018

    The balance of outstanding loans granted by domestic banks and credit unions to the real estate industry was approximately 99 trillion yen [$860 billion] as of the end of September 2018, setting a new record high. The figure was calculated by Nikkei Real Estate Market Report based on data announced by the Bank of Japan and the amount of increase was approximately 2.12 trillion yen [$18 billion] in the past six months. >>

  • Loans for individuals decreased 20% and for real estate reach turning point 08.16.2018

    Apartment loans for retail investors are slowing down rapidly. According to the data announced by the Bank of Japan on August 9, the amount of new loans in the second quarter (April to June) of 2018 was 693.2 billion yen [$6 billion] (Figure 1). It decreased by 20% year-on-year and by 36% from the first quarter (January to March) of this year. >>

  • J-REIT market exceeds Y20tn: ARES 08.09.2018

    According to the survey conducted by the Association for Real Estate Securitization (ARES), the size of the J-REIT market exceeded the 20 trillion yen [$170 billion] mark in the second quarter (April to June) of 2018 by total AUM on an acquisition price basis. >>

  • No celebration despite Japan rising to 14th in RE transparency: JLL 07.26.2018

    Japan was ranked 14th globally in terms of the transparency of its real estate market. On July 25, Jones Lang LaSalle (JLL) released the 2018 results of its biannual Global Real Estate Transparency Index. Japan's market came 14th in the composite world ranking, five spots up from the previous survey where it ranked 19th. However, looking at the substance of the report, the reality is that this simply cannot be celebrated. >>

  • Brick-and-mortar stores increases despite expansion of e-commerce: CBRE 06.04.2018

    The e-commerce (EC) market is expanding while the overall retail market remains sluggish. In such a situation, CBRE conducted a questionnaire survey targeting retailers that have brick-and-mortar stores in Japan. When asked about the number of brick-and-mortar stores in 2030, a little over 60% of the respondents said it will increase, revealing that the outlook was unexpectedly optimistic. >>

  • Grade A office vacancy in Nagoya falls below 1%: CBRE 05.25.2018

    Tokyo will have a massive supply of office buildings in the near future, but in other regions where the supply is opposite of that in Tokyo and poor, a sense of tightness in demand and supply of offices is further increasing. According to a survey conducted by CBRE, the vacancy rate of grade A office buildings fell below 1% in Nagoya following Osaka. >>

  • Loans to real estate hits highest ever at Y97tn; momentum likely to peak out 05.21.2018

    It has been revealed that the balance of outstanding loans granted by domestic financial institutions to the real estate industry has again set a new record highest amount ever, reaching 96.888 trillion yen [$860 billion] as of the end of March 2018. The amount increased by 5 trillion yen [$45 billion] in a year until March 2018. The increase rate is 5.4%. >>


MORE SURVEY AND ANALYSIS Our regularly updated proprietary survey on market trends.


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A map and list of the 160 large-scale office building development projects currently in progress in Tokyo.


Quarterly cap rate survey on office building transactions, based on our proprietary estimation

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