Office Buildings: Stock Data

Office Buildings: Stock Data

Source: Japan Real Estate Institute Co. Ltd. "Japanese Office Buildings Survey"
Note: Sum of each item does not match total because the value of each item is rounded (the same applies to other tables)

Point

Office building stock is heavily concentrated in Japan's three major cities (Tokyo, Osaka, and Nagoya). Concentration is particularly heavy in central wards of Tokyo.
The Central Wards of Tokyo also stand out in terms of The Total Floor Area of Building Construction Started.
While vacancy rates in the central wards of Tokyo has been at a low level. Furthermore, there is a significant difference in rental rates between the central wards of Tokyo and other regions.

Office Buildings: Construction Starts in Floor Area

(ha)

(Year)

Source: Ministry of Land, Infrastructure, Transport and Tourism, "Annual Construction Statistics".
Note: Figures above are total floor area of SRC, RC and steel-frame for office.

Point

Office building stock is heavily concentrated in Japan's three major cities (Tokyo, Osaka, and Nagoya). Concentration is particularly heavy in central wards of Tokyo.
The Central Wards of Tokyo also stand out in terms of The Total Floor Area of Building Construction Started.
While vacancy rates in the central wards of Tokyo has been at a low level. Furthermore, there is a significant difference in rental rates between the central wards of Tokyo and other regions.

Office Buildings: Vacancy Rates and Rents

(%)

(Yen/Tsubo=3.3sq m)

(Year)

Source: Miki Shoji Co., Ltd.
Notes:
-Vacancy Rates: (Vacant area / total rent area), Every December for annual figure.
-Average Offered Rents: Rent in December each year

Point

Office building stock is heavily concentrated in Japan's three major cities (Tokyo, Osaka, and Nagoya). Concentration is particularly heavy in central wards of Tokyo.
The Central Wards of Tokyo also stand out in terms of The Total Floor Area of Building Construction Started.
While vacancy rates in the central wards of Tokyo has been at a low level. Furthermore, there is a significant difference in rental rates between the central wards of Tokyo and other regions.

Retail Facilities: Distribution

Retail Facilities: Distribution

Source: Japan Council of Shopping Centers "Present Conditions of Japanese Shopping Centers"
Note: The number of shopping centers and total floor space are for shopping centers operating as of end December 2017.

Point

Excluding the large island of Hokkaido, the top10 in terms of shopping center numbers are regions where major cities are located.
Total floor area of construction started is sluggish reflecting slower nominal consumption expenditure.
In terms of sales, the shopping center category is the largest in Japan's retail sector.

Retail Facilities: Construction Starts in Floor Area and Retail Sales

(%)

(1,000sqm)

(Year)

Source:
-Retail Sales: Ministry of Economy, Trade and Industry "Current Survey of Commerce".
-Nominal Personal Consumption: Ministry of Internal Affairs and Communications "Census on Households".
-Construction Starts for Retail Facilities in Floor Area: Ministry of Land, Infrastructure, Transport and Tourism "Building construction start statistics survey".

Point

Excluding the large island of Hokkaido, the top10 in terms of SC numbers are regions where major cities are located.
Total floor area of construction started is sluggish reflecting slower nominal consumption expenditure.
In terms of sales, the SC category is the largest in Japan's retail sector.

Retail Facilities: Sales by Sector

(billion yen)

(Year)

Source:
The number of shopping center openings, sales: Japan Council of Shopping Centers "Present Conditions of Japanese Shopping Centers", "Gross Sales"; Sales of department stores, super markets and convenience stores: Ministry of Economy, Trade and Industry "Current Survey of Commerce".

Point

Excluding the large island of Hokkaido, the top10 in terms of SC numbers are regions where major cities are located.
Total floor area of construction started is sluggish reflecting slower nominal consumption expenditure.
In terms of sales, the SC category is the largest in Japan's retail sector.

Population by Prefecture

Population by Prefecture

Source: Statistical Survey Department, Statistics Bureau, Ministry of Internal Affairs and Communications "the Population Census and the Population Estimates"

Point

Population trends in Japan indicate increasing urbanization. Population continues to rise in major cities.
Reflecting the inflow of population and shift of economic activity into the Tokyo metropolitan region the number of units sold is heavily concentrated in this region, and condominium prices in Tokyo metropolitan region are also much higher than in other regions.
Although market conditions are still harsh, signs of recovery have started to emerge as condominium prices posted an YoY gain.

Condominiums: Unit Sales

(%)

(condominium unit)

(Year)

Source: Real Estate Economic Institute Co., Ltd. "Condominium Market in Japan"

Point

Population trends in Japan indicate increasing urbanization. Population continues to rise in major cities.
Reflecting the inflow of population and shift of economic activity into the Tokyo metropolitan region the number of units sold is heavily concentrated in this region, and condominium prices in Tokyo metropolitan region are also much higher than in other regions.
Although market conditions are still harsh, signs of recovery have started to emerge as condominium prices posted an YoY gain.

Condominiums: Average Price per Unit

(%)

(million yen)

(Year)

Source: Real Estate Economic Institute Co., Ltd. "Condominium Market in Japan"

Point

Population trends in Japan indicate increasing urbanization. Population continues to rise in major cities.
Reflecting the inflow of population and shift of economic activity into the Tokyo metropolitan region the number of units sold is heavily concentrated in this region, and condominium prices in Tokyo metropolitan region are also much higher than in other regions.
Although market conditions are still harsh, signs of recovery have started to emerge as condominium prices posted an YoY gain.

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