Prime Views Tokyo November 2016

The full report

TOKYO: CONTINUALLY TRANSFORMING

Tokyo boasts one of the largest office markets in the world with over 24 million square meters of office space spread out across the CBD. Although Tokyo has a number of key office districts, the most prestigious is the Marunouchi/Otemachi submarket. Since 2000, the area has undergone a massive transformation and this transformation will continue well into the foreseeable future.

Cushman & Wakefield Research is pleased to present Prime Views, our bi-monthly publication that provides our insights on the premium-grade office sector across the region, and the major themes that will shape the various prime markets.

The third issue is focused on Tokyo, with key observations noted below:

• Bullish landlords continue to raise their expectations of achievable rents.
• While new supply is expected over the next few years, a large portion of the new space is already spoken for.
• Investment opportunities in the area are few and far between and are very difficult to acquire.