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Japan Logistics Spotlight - September 2018
20 September 2018

Greater Tokyo is in the midst of a wave of new supply lasting until 2019, and vacancy has ticked up slightly. Encouragingly, Greater Osaka is showing steady absorption of last year’s supply and vacancy is coming down. Equity capital markets are showing signs of caution, but sentiment for hard assets is positive and the outlook has improved somewhat.

 

Research search results: 10 found

 
Japan Logistics Spotlight - April 2018

Japan Logistics Spotlight - April 2018

09 April 2018

“The logistics industry continues to expand along with the steady growth of e-commerce. Large supply in Greater Osaka led to a significant divergence with the Greater Tokyo market in 2017; however, supply will rebalance to Tokyo in 2018 and beyond. Against this backdrop, a divergence of local demand within the Tokyo and Osaka markets is becoming more pronounced.”

 
 
 
Japan Logistics Spotlight - September 2017

Japan Logistics Spotlight - September 2017

25 September 2017

The Tokyo and Osaka markets have clearly diverged. Rents are slowly growing near Tokyo, while rapid supply in the Osaka region has led to temporary softness.

 
 
 
Japan Logistics Spotlight - March 2017

Japan Logistics Spotlight - March 2017

24 March 2017

Supply growth continues in Greater Tokyo and Greater Osaka as investment interest remains sound. Although there are signs of softening occupancy in Osaka, strong demand from underlying industries should continue to support long-term rental growth in the logistics market.

 
 
 
Japan Logistics Spotlight - September 2016

Japan Logistics Spotlight - September 2016

21 September 2016

An unprecedented influx of new supply is entering major markets, but take up has been strong and occupancy remains above 95%. Rents will likely stay soft as absorption continues, but yield compression and new developments proceed unabated as more and more players seek to take advantage of high demand from underlying industries.

 
 
 
Japan Logistics 1H 2016

Japan Logistics 1H 2016

06 April 2016

Despite Japan’s macro economy and global economic prospects dimming since mid 2015, investment demand remains strong but investors and tenants have become more cautious.

 
 
 
Japan Logistics Spotlight - September 2015

Japan Logistics Spotlight - September 2015

14 September 2015

The industrial sector in Japan continues to enjoy robust demand backed by the growth of e-commerce and third party logistics. Because of the large number of logistics facilities due to complete over the next few years, we may see supply run ahead of demand. However, the sector should stabilise and grow steadily, thanks to the underlying strength of the logistics sector and positive business sentiment at home.

 
 
 
Japan Industrial Briefing - 2H/2011

Japan Industrial Briefing - 2H/2011

20 February 2012

Japanese manufacturers’ concerted efforts to recover supply lines post-quake lead to a bounce back in cargo volumes in 2H/2011. High occupancy levels in modern logistics facilities meanwhile acted to spur landmark transactions, with global investors also seeking new development opportunities.

 
 
 
Japan Industrial Briefing - 1H/2011

Japan Industrial Briefing - 1H/2011

30 July 2011

Despite severe disruptions to manufacturing output and supply chains in the wake of the natural disasters of 11 March, heightened demand for modern logistics space has been demonstrated in some locations. Developers hope to capitalise on this through increased speculative development, while investor appetite appears to have been whetted by the stable returns on offer.

 
 
 
Japan Industrial Briefing - 2H/2010

Japan Industrial Briefing - 2H/2010

28 February 2011

  After a break of several years, major logistics developers have announced plans to resume development activities. Investment demand for existing assets also appears to have picked up, with several large transactions being witnessed in recent months, including deals for non-logistics facilities such as research & development centres. &nbs

 
 
 
Japan Industrial Briefing - 1H-2010

Japan Industrial Briefing - 1H-2010

23 August 2010

On the back of improved market sentiment and substantial rental discounting, occupancy rates at large-scale multi-tenant logistics facilities have started to pick up in recent months. With little new space in the development pipeline, expectations are for a gradual turnaround in rents in the near future.  

 
 
 

Key contacts

Tetsuya Kaneko

Tetsuya Kaneko

Director, Head of Research and Consultancy

Savills Japan

+81 3 6777 5192

 

Yoshihiro Kanno

Yoshihiro Kanno

Associate
Research and Consultancy

Savills Japan

+81 3 6777 5142

 

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