{"id":25152,"date":"2021-09-08T08:45:29","date_gmt":"2021-09-08T01:45:29","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25152"},"modified":"2021-09-08T08:45:29","modified_gmt":"2021-09-08T01:45:29","slug":"sales-of-commercial-real-estate-in-japan-records-at-11-2-billion","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/sales-of-commercial-real-estate-in-japan-records-at-11-2-billion\/","title":{"rendered":"Sales of commercial real estate in Japan records at $11.2 billion"},"content":{"rendered":"

Tightened supply leads commercial real estate investment to drop 25 percent in H1 2021\u00a0<\/span>\u00a0<\/span><\/p>\n

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The total transaction volume nationwide fell 29 percent from the first half of 2020 to JPY1.84 trillion\u00a0(USD16.68 billion). TZIDOSUN\/Shutterstock\u00a0\u00a0<\/figcaption><\/figure>\n

In the first half of 2021, the total volume of commercial real estate investment across greater Tokyo declined\u00a025 percent from the same period last year, as supply shrinks, reported Japan Property Central<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

According to JLL, the total sales volume recorded at around JPY1.23 trillion (USD11.2 billion), placing Tokyo fourth on the\u00a0international\u00a0city ranking list.\u00a0<\/span>\u00a0<\/span><\/p>\n

JLL\u2019s report includes transactions of offices, hotels, logistics, and other commercial real estates. In the top spot worldwide was Los Angeles with USD12.3 billion in transactions, London coming in second with USD11.9 billion, and Dallas-Fort Worth in third with USD11.6 billion.\u00a0<\/span>\u00a0<\/span><\/p>\n

Demand for real estate in the capital hasn\u2019t\u00a0dropped, but the supply of large-scale buildings for purchase has decreased.\u00a0<\/span>\u00a0<\/span><\/p>\n

There are also reports of corporations selling off their prime assets discreetly behind closed doors, leaving behind international institutional investors.\u00a0<\/span>\u00a0<\/span><\/p>\n

More: Japanese firms coordinate to help workplaces easily accommodate robots<\/strong><\/a><\/p>\n

Additionally, the total transaction volume nationwide fell 29 percent from the first half of 2020 to JPY1.84 trillion\u00a0(USD16.68 billion).\u00a0<\/span>\u00a0<\/span><\/p>\n

Acquisitions by foreign funds fell 58 percent to JPY392.3 billion (USD3.5 billion), while total expected sales for 2021 are anticipated to reach JPY4.3 trillion (USD38.98 billion), down six percent from 2020.\u00a0<\/span>\u00a0<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0<\/span><\/i>propertyreport@propertyguru.com<\/span><\/i><\/a>.<\/span><\/i>\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tightened supply leads commercial real estate investment to drop 25 percent in H1 2021\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[388,668,146,2316],"class_list":["post-25152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-commercial-real-estate","tag-investment","tag-japan","tag-supply-shrink","news_country-japan","news_author-property-report"],"acf":[],"yoast_head":"\nSales of commercial real estate in Japan records at $11.2 billion | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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