Since there will continue to be very little new supply in Nagoya, market conditions are poised to remain tight. CBRE therefore expects a 2. When the occasional space opens up and enters the market, multiple tenants are quick to respond and competition is fierce.
Actionable market intelligence. Right to your inbox every week. Thank you for your interest! You will now be receiving our Weekly Real Estate Newsletter. Real Estate Listings Showcase. Related News Stories. Data Center Demand in Northeast U. The company moved to the United States in Despite being one of the biggest agencies globally, Colliers announced they will set up their first office in Tokyo in September Colliers manages both residential and commercial properties, including apartments, houses, factories, retail properties, office space, and more.
Jones Lang Lasalle JLL was established in and one of the oldest and most renowned real estate agencies globally. The company has almost 80, professionals working in 80 countries and is a Fortune company. The company has 1, professionals in Japan, helping both local and foreign buyers. Include both residential and commercial properties, for example, retail properties, office space, apartments, houses, and more. Century 21 has one of the largest networks of franchised real estate agencies globally.
Over , professionals work in 7, different offices in almost 80 countries. Century 21 Sky Realty was founded by Kenneth Arbour in Tokyo in and currently has 11 employees, including both foreigners and Japanese nationals. The company was founded in Denver, Colorado, in and has more than 90, professionals in over 7, offices.
The company helps locals and foreigners to buy, sell, or rent properties in Tokyo, but also other cities. Established in London in , Savills is one of the oldest and biggest real estate agencies in the world. The company has 30, professionals worldwide and hundreds in Japan. The company is particularly active in the property management industries in Asia, something that can be noticed in countries like Vietnam and Thailand. The company manages both commercial and residential properties, for example, apartments, houses, office space, retail property, and more.
Mitsui Fudosan is one of the biggest real estate developers in Japan, but also has a handful of brokerages. They have been ranked as a top agency that supports foreigners and locals alike. On contrary to many of the above-mentioned agents, Mitsui Fudosan Realty focuses primarily on residential units.
Mitsui Real Estate Sales Co. Obtaining a property loan as a non-resident foreigner is difficult and you generally have to fulfill any of the following requirements:. This luxury apartment complex in Tokyo caters to a prestigious clientele comprising international business Europe Birmingham London Munich Paris.
Middle East Abu Dhabi Dubai. Gensler Tokyo Office Tokyo, Japan. Ridgelinez Tokyo, Japan Gensler led the workplace design strategy as well as interior design and digital content creation at the new Hyatt House Kanazawa Ishikawa, Japan Intended to accommodate for mid-to-long-term stay guests, this hotel is celebrated as the first Hyatt hotel in Nomura Research Institute Multiple locations, Japan Nomura Research Institute, a leading global provider of system solutions and consulting services, relocated Deloitte Greenhouse Tokyo, Japan Deloitte Greenhouse is a modern CxO corporate executives space that offers a flexible environment for solving Katayama Holdings Headquarters Tokyo, Japan Katayama Holdings opened a headquarters office in Tokyo that will serve as a base for its domestic and Roche Diagnostics Tokyo, Japan Looking to shift the work style and expand the visitor area, Roche Diagnostics relocated their office Ocean Network Express Singapore Ocean Network Express is a major new global container shipping company that emerged from the legacy of three Vacancy for both Grade B and All-Grade are at record lows.
Rents continue to rise, with Grade A rents now at the highest since the survey began in , and Grade B rents hitting JPY 13, for the first time in nine years. The new building this quarter provided was insufficient to alleviate the tight supply-market conditions. With the next phase of new supply not until , rents are likely to rise even further, with CBRE forecasting a 4.
Nagoya CBRE is also reporting several large units of office space were taken up driven by expansionary moves and upgrades from the suburbs. Tenants also continued to expand within their existing buildings, taking up the little remaining available space. The Grade A vacancy rate fell to a new record low of 0.
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