日本房地产行业市场前景及投资研究报告-培训课件外文版2024.5恒大碧桂园万科万达

INDUSTRIES

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MARKETSRealestateinJapanCHAPTER

01OverviewRealvalueaddedtothegrossdomesticproduct(GDP)bytherealestateindustryinJapanfrom2012to2021(intrillionJapaneseyen)RealGDPoftherealestateindustryinJapan2012-20217066.0665.2465.465.6665.0864.5764.7963.9462.9761.82605040302010020122013201420152016201720182019202020214Description:In2021,therealestateindustryinJapanaddedarealvalueof65.08trillionJapaneseyentothegrossdomesticproduct(GDP),downby0.9percentcomparedtothepreviousyear.Therealestateindustrywasthethird-largestindustryinJapanintermsofvalueaddedandaccountedfor11.9percentofthenominalGDPin2021.ReadmoreNote(s):Japan;2012to2021;chain-linked;benchmarkyear=2015Source(s):CabinetOfficeJapanShareofthenominalgrossvalueadded(GVA)bytherealestatesectorinJapanfrom2012to2021ContributionofrealestatetothenominalGDPinJapan2012-202112.6%12.5%12.5%12.4%12.4%12.3%12.3%12.2%12.2%12.1%12%12.0%11.9%11.8%11.7%11.6%11.9%201611.9%202111.8%201711.8%201911.7%2018201220132014201520205/statistics/1176686/japan-contribution-of-real-estate-to-the-nominal-gdpIn2021,businessactivitiesintherealestatesectoraccountedfor11.9percentofthegrossdomesticproductinJapan.TherealestatesectorinJapangeneratedanominalGDPofalmost65.57trillionJapaneseyen,downby0.3percentyearonyear.

ReadmoreNote(s):Japan;2012to2021Source(s):CabinetOfficeJapanSalesrevenueoftherealestateindustryinJapanfromfiscalyear2013to2022(intrillionJapaneseyen)RealestateindustrysalesrevenueinJapanFY2013-2022605048.646.546.345.444.343.44339.440302010037.73720132014201520162017201820192020202120226Description:Inthefiscalyear2022,therealestateindustryinJapangeneratedsalesofapproximately46.3trillionJapaneseyen.Comparedtothepreviousfiscalyear,thesalesrevenuedeclinedby4.8percent.

ReadmoreNote(s):Japan;fiscalyears2013to2022;theJapanesefiscalyearstartsonApril1ofthestatedyearandendsonMarch31ofthefollowingyear;basedonsurveyresultsSource(s):MinistryofFinanceJapanOutstandingbankloanstotherealestateindustryinJapanfrom2014to2023(intrillionJapaneseyen)RealestateindustryoutstandingbankloansinJapan2014-202312010098.2592.4388.9586.2383.479.8680604020074.7870.0664.7662.420142015201620172018201920202021202220237Description:AsofMarch2023,theoutstandingbankloanstotherealestateindustryinJapanamountedtoaround98.3trillionJapaneseyen.Thisconstitutedanincreasefromapproximately92.4trillionyeninthepreviousyear.

ReadmoreNote(s):Japan;2014to2023;asofMarchofeachyearSource(s):BankofJapanNumberoflandsalestransactionsinJapanfrom2012to2022,byarea(in1,000s)LandsalestransactionsinJapan2013-2022,byregionGreaterTokyoAreaGreaterOsakaAreaGreaterNagoyaAreaOtherAreas1,6001,4001,2001,00080071070069069069068068068068067060080909090908080809080150160160150160160160150150150400200370360380370380380370360380370020132014201520162017201820192020202120228Description:In2022,thenumberoflandsalestransactionsintheGreaterTokyoAreainJapanamountedtoapproximately370thousand.Atthesametime,therewere160thousandlandtransactionsintheGreaterOsakaArea.

ReadmoreNote(s):Japan;2013to2022Source(s):MinistryofJustice(Japan);TheRealEstateTransactionPromotionCenterCHAPTER

02LandpricesAverageofficiallandpricegrowthinJapanfrom2014to2023,bycategoryAnnualchangeofofficiallandpricesinJapan2014-2023,bycategoryResidentialCommercialIndustrial3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%-0.5%-1.0%-1.5%3.1%3.1%2.8%2%1.9%1.8%0.8%1.8%1.4%1.4%1.3%0.6%0.9%0%0.8%0.3%0.8%0.5%0.4%0.3%0%0%-0.2%-0.4%-0.4%-0.8%-0.5%-0.6%-1.1%-0.6%201420152016201720182019202020212022202310Description:In2023,averageofficialindustriallandpricesinJapanincreasedby3.1percent.Thiswasthehighestgrowthrateofindustriallandpricesinthepast10years.Overall,averageofficiallandpricesgrewby1.6percent.

ReadmoreNote(s):Japan;2014to2023;asofJanuary1eachyearSource(s):MLIT(Japan)GrowthrateoftheofficialresidentiallandpriceinJapanfrom2014to2023,byregionChangeinresidentiallandpriceinJapan2014-2023,byregionGreaterTokyoAreaGreaterOsakaAreaGreaterNagoyaAreaFourregionalcities*Regionalarea**10%8%6%4%2%0%-2%-4%201420152016201720182019202020212022202311Description:In2023,theofficialresidentiallandpriceintheGreaterTokyoAreainJapanroseby2.1percent.Thegrowthratewasthehighestinthefourregionalcitiesandremainedlowinregionalareas.

ReadmoreNote(s):Japan;2014to2023;asofJanuary1eachyear;*Sapporo,Sendai,Hiroshima,andFukuokaCity.**Regionalareareferstotheareaexcludingthethreemajormetropolitanareasandthefourregionalcities.Figurespriorto2019arefrom[...]

ReadmoreSource(s):MLIT(Japan)GrowthrateoftheofficialcommerciallandpriceinJapanfrom2014to2023,byregionChangeincommerciallandpriceinJapan2014-2023,byregionGreaterTokyoAreaGreaterOsakaAreaGreaterNagoyaAreaFourregionalcities*Regionalareas**12%10%8%6%4%2%0%-2%-4%201420152016201720182019202020212022202312Description:In2023,theofficialcommerciallandpriceintheGreaterTokyoAreainJapanrosebythreepercent.Thegrowthratewasthehighestinthefourregionalcities,Sapporo,Sendai,Hiroshima,andFukuoka,at8.1percent.

ReadmoreNote(s):Japan;2014to2023;asofJanuary1eachyear;*Sapporo,Sendai,Hiroshima,andFukuokaCity.**Regionalareasreferstoareasexcludingthethreemajormetropolitanareasandthefourregionalcities.Figurespriorto2019arefrom[...]

ReadmoreSource(s):MLIT(Japan)GrowthrateoftheofficialindustriallandpriceinJapanfrom2014to2023,byregionChangeinindustriallandpriceinJapan2014-2023,byregionGreaterTokyoAreaGreaterOsakaAreaGreaterNagoyaAreaFourregionalcities*Regionalareas**12%10%8%6%4%2%0%-2%-4%201420152016201720182019202020212022202313Description:In2023,theofficialindustriallandpriceintheGreaterTokyoAreainJapanincreasedbyfivepercent.Thegrowthratewasthehighestinthefourregionalcities,Sapporo,Sendai,Hiroshima,andFukuoka,at9.6percent.OkinawaPrefecturerecordedthehighestgrowthinindustriallandpricesinthesameyear.ReadmoreNote(s):Japan;2014to2023;asofJanuary1eachyear;*Sapporo,Sendai,Hiroshima,andFukuokaCity.**Regionalareasreferstoareasexcludingthethreemajormetropolitanareasandthefourregionalcities.Figurespriorto2019arefrom[...]

ReadmoreSource(s):MLIT(Japan)AveragelandpriceinJapanfrom2014to2023(in1,000Japaneseyenpersquaremeter)AveragelandpriceinJapan2014-2023250200205.08197.99197.95195.97189.75178.03169.41160.1149.98145.5150100500201420152016201720182019202020212022202314Description:In2023,theaveragelandpriceinJapanamountedtoaround205.1thousandJapaneseyenpersquaremeter.TheaveragelandpriceisbasedonlandpricesurveysconductedbytheMinistryofLand,Infrastructure,Transport,andTourismandprefecturalgovernmentsinJanuaryandJulyeachyear.ReadmoreNote(s):Japan;2014to2023Source(s):MLIT(Japan);TochidaiHighestaverageofficiallandpricesinJapanin2023,bymajorprefecture(in1,000Japaneseyenpersquaremeter)AverageofficiallandpriceJapan2023,bymajorprefectureLandpriceinthousandJapaneseyenpersquaremeter400

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80002001,0001,2001,400TokyoOsakaKyoto1,159.67318.99284.91269.93223.25206.61KanagawaAichiFukuokaSaitamaHyogo168.75168.13156.25155.9HiroshimaMiyagiOkinawaChibaKumamotoShizuokaNara143.02137.5498.8788.48215Description:In2023,TokyoPrefecturerecordedthehighestaverageofficiallandpriceofall47prefecturesinJapan,atalmost1.16millionJapaneseyenpersquaremeter.ItwasfollowedbyOsakaPrefecturewithanaverageofficiallandpriceofcloseto319thousandyenpersquaremeter.ReadmoreNote(s):Japan;2023;asofJanuary1;15prefectureswithhighestaverageofficiallandpricesSource(s):MLIT(Japan);TochidaiCHAPTER

03ResidentialrealestateMonthlyresidentialpropertypriceindexinJapanfromJanuary2019toJune2023MonthlyresidentialpropertypriceindexinJapan2019-2023140135130125120115110105Jan

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'23*17Description:InJune2023,theresidentialpropertypriceindexinJapanstoodat136.1.Afterdecliningto111.5pointsinJuly2020followingtheoutbreakofthecoronavirus(COVID-19)pandemic,theindexrecoveredandreachedapeakinJune2023.Theresidentialpropertypriceindexcomprisesresidentialland,detachedhouses,andcondominiums.ReadmoreNote(s):Japan;January2019toJune2023;2010asbaseyearwithanindexof100;seasonallyadjustedfigures;*Preliminaryfigures.Residentialpropertyincludesresidentialland,detachedhouses,andcondominiums.Theindexiscalculatedonthe[...]

ReadmoreSource(s):MLIT(Japan)HousepricetoincomeratioinJapanfrom1stquarter2014to2ndquarter2023QuarterlyhousepricetoincomeratioinJapanQ12014-Q22023120115110114.1714.6114.4114.2113.2110.1109.4109.2106.6104.8103.9105103.2

103.1103.3103.2102.6101.1801.9103.1102.7102.3100.6101.8101.1401.5100.8100.1100.199.899.599.597.899.199.299.2100

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'2318Description:Inthesecondquarterof2023,thehousepricetoincomeratioinJapanstoodat114.4,representingadecreaseof0.2indexpointscomparedtothepreviousquarter.Theratioiscalculatedbydividingnominalhousepricesbythenominaldisposableincomeperhead.ReadmoreNote(s):Japan;Q12014toQ22023;thesourceuses2015asbaseyearwithanindexof100;seasonallyadjustedfiguresSource(s):OECD;Varioussources(MLIT,JapanRealEstateInstitute)AveragepriceofnewcondominiumunitsintheGreaterTokyoAreainJapanfrom2013to2022(inmillionJapaneseyen)NewcondominiumunitpricesintheGreaterTokyoArea2013-20227062.662.8860.8459.859.0858.71605040302010055.1854.950.649.29201320142015201620172018201920202021202219Description:TheaveragepricepernewcondominiumunitintheGreaterTokyoAreaamountedtoapproximately62.88millionJapaneseyenin2022.Theaveragepriceperunitincreasedby0.4percentcomparedtothepreviousyear.

ReadmoreNote(s):Japan;2013to2022Source(s):RealEstateEconomicInstitute;TheLandInstituteofJapanAveragepriceofexistingcondominiumsintheGreaterTokyoAreainJapanfrom2013to2022(inmillionJapaneseyen)Averagepriceofpre-ownedcondominiumsintheGreaterTokyoArea2013-2022454042.7838.7235.7334.39353025201510533.3331.9830.4828.8927.3225.890201320142015201620172018201920202021202220Description:In2022,theaveragepriceofsecond-handcondominiumsintheGreaterTokyoAreainJapanamountedto42.78millionJapaneseyen,upby10.5percentcomparedtothepreviousyear.Theresalepricepersquaremeterincreasedby12.3percentyearonyear.ReadmoreNote(s):Japan;2013to2022Source(s):RealEstateInformationNetworkforEastJapan;TheLandInstituteofJapanAveragemonthlyrentforapartmentsintheGreaterTokyoAreafrom2013to2022,bylayout(in1,000Japaneseyen)AveragerentforapartmentsintheGreaterTokyoArea2013-2022,bylayoutOneroom133.791LDKto2DK133.952LDKto3DK15014013012011010090136.86109.6137.19109.93137.33109.93136.49134.59108.35133.75107.56133.08106.03132.22105.35109.14107.64107.758074.07202174.36202273.873.13201971.84201571.88201671.95201772.28201870.91201470.36201370602020*21Description:InMarch2022,theaveragemonthlyrentforone-roomapartmentsintheGreaterTokyoAreainJapanamountedto74.36thousandJapaneseyen.Theaveragerentfor2LDKto3DKapartmentsincreasedtoaround137.33thousandyenpermonth.2LDKisaJapaneserealestatetermthatdescribesanapartmentwithaliving,dining,andkitchenareaandtwoseparaterooms.ReadmoreNote(s):Japan;2013to2022;asofMarcheachyear*;*AsofAprilinthecaseof2020.100Japaneseyenequal0.74U.S.dollarsor0.70eurosasofDecember2022.Valueshavebeenrounded.

ReadmoreSource(s):Jutaku-Shimpo;TheRealEstateTransactionPromotionCenterNumberofconstructionstartsofdwellingsinJapanfrom2013to2022(in1,000units)NumberofhousingconstructionstartsinJapan2013-20221,200980.03967.24964.641,0008006004002000942.37909.3905.12892.26856.48859.53815.34201320142015201620172018201920202021202222Description:In2022,approximately859.5thousandhousingstartswereinitiatedinJapan.Thisrepresentedanincreaseof0.4percentcomparedtothepreviousyear.Thehighestfigureduringthesurveyedperiodwasrecordedin2013.

ReadmoreNote(s):Japan;2013to2022Source(s):e-Stat(Japan);MLIT(Japan)CHAPTER

04OfficerealestateQuarterlycommercialpropertypriceindexforofficepropertiesinJapanfrom1stquarter2019to2ndquarter2023CommercialpropertypriceindexforofficesinJapanQ12019-Q22023165160155161.8159.1156.5156.1152.2151.4150.5148.7150145140135130125146.8146.6145.5144.9143.5139.2137.6137.2133.8130.3Q1'19

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Q2'23*24Description:Inthesecondquarterof2023,thecommercialpropertypriceindexforofficesinJapanstoodat159.1,downfrom161.8pointsinthepreviousquarter.Apartfromoffices,thecommercialpropertypriceindexcomprisesretailproperties,warehouses,factories,apartmentbuildings,andcommercialandindustrialland.ReadmoreNote(s):Japan;Q12019toQ22023;2010asbaseyearwithanindexof100;seasonallyadjustedfigures;*Preliminaryfigures.Commercialpropertyreferstocommerciallandwithbuildingscategorizedasretail,office,warehouse,factory,[...]

ReadmoreSource(s):MLIT(Japan)OfficefloorspaceinJapanfrom2013to2022(in1,000hectares)OfficefloorareainJapan2013to202210090.3290.690.7190.9589.5689.9488.9687.6588.0987.129080706050403020100201320142015201620172018201920202021202225Description:ThetotalofficefloorspaceinJapanamountedtoalmost91thousandhectaresin2022.ThetotalofficefloorareaintheGreaterTokyoAreaaccountedforroughly29percentofthisfigure.

ReadmoreNote(s):Japan;2013to2022Source(s):MinistryofInternalAffairsandCommunications(Japan);MitsuiFudosanAverageofficerentinthecentralbusinessdistricts(CBD)ofmajorcitiesinJapanfrom2013to2022,bycity(in1,000Japaneseyenpertsubo)OfficerentinmainbusinessdistrictsofmajorcitiesinJapan2013-2022,bycityTokyoOsakaNagoyaSapporoSendaiYokohamaFukuoka2523211917151311975201320142015201620172018201920202021202226/statistics/1253611/japan-office-rent-major-cities-main-business-districts-by-cityTheannualaveragerentinTokyo'scentralbusinessdistrictamountedtoaround20.1thousandJapaneseyenpertsuboin2022.ThiswasalmosttwiceashighastheaveragerentforofficespaceinJapan'ssecondmostpopulouscityYokohama.

ReadmoreNote(s):Japan;2013to2022;officerentofcentralbusinessdistrictsSource(s):MikiShojiNumberofofficebuildingconstructionstartsinJapanfrom2013to2022NumberofofficeconstructionstartsinJapan2013-202214,00011,56812,00010,0008,0006,0004,0002,000011,34311,12910,96710,85910,87610,73110,78110,40710,240201320142015201620172018201920202021202227Description:In2022,thenumberofofficebuildingconstructionstartsinJapanwasabout10.2thousand,downfrom10.8thousandin2021.Thefloorareaofofficeconstructionstartsdecreasedyearonyear.

ReadmoreNote(s):Japan;2013to2022Source(s):e-Stat(Japan);MLIT(Japan)CHAPTER

05RetailrealestateQuarterlycommercialpropertypriceindexforretailpropertiesinJapanfrom1stquarter2019to2ndquarter2023CommercialpropertypriceindexforretailpropertiesinJapanQ12019-Q22023160155154.3153.9152.6150145140135130125147.9146146145.7145.3144.7

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Q2'23*29Description:Inthesecondquarterof2023,thecommercialpropertypriceindexforretailpropertiesinJapanstoodat154.3.Theindexincreasedby0.3percentcomparedtothepreviousquarter.Inadditiontoshoppingfacilities,thecommercialpropertypriceindexcomprisesoffices,warehouses,factories,apartmentbuildings,andcommercialandindustrialland.ReadmoreNote(s):Japan;Q12019toQ22023;2010asbaseyearwithanindexof100;seasonallyadjustedfigures;*Preliminaryfigures.Commercialpropertyreferstocommerciallandwithbuildingscategorizedasretail,office,warehouse,factory,[...]

ReadmoreSource(s):MLIT(Japan)TotalstoreareaofshoppingcentersinJapanfrom2013to2022(inmillionsquaremeters)ShoppingmallstoreareainJapan2013-20226054.354.3553.9953.6553.1952.5351.7250.7749.765040302010047.87201320142015201620172018201920202021202230Description:In2022,thestoreareaofshoppingcentersoperatinginJapanamountedto54.35millionsquaremeters,continuingtheupwardtrendofthelastdecade.Thatyear,thenumberofshoppingcentersinJapanreachedaround3.2thousand.

ReadmoreNote(s):Japan;2013to2022Source(s):JCSC;MitsuiFudosanNumberofshoppingcentersinJapanin2022,bystoreareaShoppingcenternumberinJapan2022,bystorearea1,6001,3831,4001,2001,0008006004002000854457271177Lessthan5,000m²5,000tolessthan10,000m²

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30,000tolessthan50,000m²Storeareainsquaremeters(m²)50,000m²andmore31Description:In2022,morethanonethirdofJapaneseshoppingcenters,1,383centers,measuredastoreareabetweentenand30thousandsquaremeters.177shoppingcenterscoveredafloorspaceof50thousandsquaremetersormore.

ReadmoreNote(s):Japan;2022Source(s):JCSCRentforstorespertsuboinmajorcitiesinJapanasof4thquarter2022,bycity(in1,000Japaneseyen)RentforretailpropertypertsuboinmajorcitiesinJapanQ42022,bycityRentinthousandJapaneseyenpertsubo0510152025303540Tokyo/YokohamaKyoto/Osaka/KobeFukuoka34.7421.5920.14Nagoya17.89Sapporo13.8532Description:Asofthefourthquarterof2022,therentforstoresinJapanwasthehighestinTokyoandYokohama,amountingto34.7thousandJapaneseyenpertsubo.ThecitiesofTokyoandYokohamaarepartoftheTokyoMetropolitanArea,whichishometoone-thirdofthepopulationinJapan.ReadmoreNote(s):Japan;Q42022Source(s):BACUrbanProjects;JREI;MLIT(Japan);VarioussourcesNumberofretailbuildingconstructionstartsinJapanfrom2013to2022NumberofretailbuildingconstructionstartsJapan2013-202212,0009,9909,68710,0008,0006,0004,0002,00008,8698,4067,8897,6036,6135,8585,4045,076201320142015201620172018201920202021202233Description:In2022,around5.9thousandnewretailbuildingconstructionswerestartedinJapan.Thefigurepeakedin2013withclosetotenthousandretailbuildingconstructionprojectslaunched.ReadmoreNote(s):Japan;2013to2022Source(s):e-Stat(Japan);MLIT(Japan)CHAPTER

06IndustrialrealestateQuarterlycommercialpropertypriceindexforwarehousepropertiesinJapanfrom1stquarter2019to2ndquarter2023CommercialpropertypriceindexforwarehousepropertiesinJapanQ12019-Q22023130128.4125123.4122.6119.6120115110105100118.2115.9116113.9114113.7113.2113.1111.9110.4108.9106.9105.8103.5Q1'19

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Q2'23*35Description:Inthesecondquarterof2023,thecommercialpropertypriceindexforwarehousesinJapanstoodat128.4,upfrom122.6pointsinthepreviousquarter.Apartfromwarehouses,thecommercialpropertypriceindexcomprisesretailproperties,offices,factories,apartmentbuildings,andcommercialandindustrialland.ReadmoreNote(s):Japan;Q12019toQ22023;2010asbaseyearwithanindexof100;seasonallyadjustedfigures;*Preliminaryfigures.Commercialpropertyreferstocommerciallandwithbuildingscategorizedasretail,office,warehouse,factory,[...]

ReadmoreSource(s):MLIT(Japan)Areaofclass1to3regularwarehousesinJapanfrom2013to2022(inmillionsquaremeters)AreaofregularwarehousesinJapan2013-202270605066.1361.6158.9454.9152.5950.3548.7446.0441.3439.96403020100201320142015201620172018201920202021202236Description:In2022,theareaofclass1to3regularwarehousesinJapanreachedadecadehighofapproximately66.13millionsquaremeters,increasingfromaround40millionsquaremetersin2013.Increasinglypopularself-storageunits,knownas'trunkrooms'inJapan,oftenfallwithinthiscategorysincemanyconformtothesestandards.ReadmoreNote(s):Japan;2013to2022;asofJuneofeachyearstatedSource(s):MLIT(Japan)MedianaskingrentforlogisticsfacilitiesintheGreaterTokyoAreainJapanfromJanuary2020toJuly2023(inJapaneseyenpertsubo)AskingrentforlogisticsfacilitiesintheGreaterTokyoAreainJapan2020-20235,0004,6804,7004,6504,6204,6004,5804,5104,5204,4704,4004,4004,4004,4104,4004,3704,5004,0003,5003,0002,5002,0001,5001,0005000Jan'20Apr'20Jul'20Oct'20Jan'21Apr'21Jul'21Oct'21Jan'22Apr'22Jul'22Oct'22Jan'23Apr'23Jul'2337Description:InJuly2023,themedianaskingrentforlogisticsfacilitiesinGreaterTokyoinJapanamountedto4.52thousandJapaneseyenpertsubo.GreaterTokyocomprisesJapan'scapitalTokyoandtheneighboringprefecturesofIbaraki,Saitama,Chiba,andKanagawa.ReadmoreNote(s):Japan;January2020toJuly2023;medianofrents;logisticsfacilitieswithaleasableareaofatleast1,000squaremetersSource(s):IchigoRealEstateServiceVacancyrateoflogisticsfacilitiesintheGreaterTokyoAreainJapanfromJanuary2020toJuly2023VacancyrateoflogisticsfacilitiesintheGreaterTokyoAreainJapan2020-20237.0%6.0%5.0%4.0%6.2%5.4%4.4%4%3.2%2.9%3.0%1.9%2.3%1.7%2.0%1.0%0.0%1.3%0.8%0.5%0.4%0.3%0.2%Jan'20Apr'20Jul'20Oct'20Jan'21Apr'21Jul'21Oct'21Jan'22Apr'22Jul'22Oct'22Jan'23Apr'23Jul'2338Description:InJuly2023,thevacancyrateoflogisticsfacilitiesinGreaterTokyoinJapanstoodat6.2percent.VacancyrateshadfallenbelowonepercentbetweenApril2020andApril2021amidthecoronaviruspandemicandhavesincerisenduetoincreasedsupplyoflogisticsfacilities.ReadmoreNote(s):Japan;January2020toJuly2023;599respondents;logisticsfacilitieswithagrossfloorareaofover10,000squaremetersSource(s):IchigoRealEstateServiceNumberofwarehousebuildingconstructionstartsinJapanfrom2013to2022NumberofwarehouseconstructionstartsinJapan2013-202218,00016,00015,46715,01214,98114,77314,67714,11614,15414,01613,82414,00012,00010,0008,0006,0004,0002,000012,985201320142015201620172018201920202021202239/statistics/1273722/japan-number-warehouse-construction-startsIn2022,around13thousandnewwarehouseconstructionswerelaunchedinJapan.Whilethenumberofnewconstructionprojectsdecreasedcomparedtothepreviousyear,thefloorareaofwarehouseconstructionstartsreachedadecadehigh.

ReadmoreNote(s):Japan;2013to2022Source(s):e-Stat(Japan);MLIT(Japan)QuarterlycommercialpropertypriceindexforfactoriesinJapanfrom1stquarter2019to2ndquarter2023CommercialpropertypriceindexforfactoriesinJapanQ12019-Q22023120114.3115112.5112110.9111110.4109.7109.511010510095106.3105.3104.8103.3103101.499.897.891.69087.785Q1'19

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Q1'23

Q2'23*40Description:Inthesecondquarterof2023,thecommercialpropertypriceindexforfactoriesinJapanstoodat114.3points,upfrom112indexpointsinthepreviousquarter.Inadditiontofactories,thecommercialpropertypriceindexcomprisesretailproperty,warehouses,offices,apartmentbuildings,andcommerciallandandindustrialland.ReadmoreNote(s):Japan;Q12019toQ22023;2010asbaseyearwithanindexof100;seasonallyadjustedfigures;*Preliminaryfigures.Commercialpropertyreferstocommerciallandwithbuildingscategorizedasretail,office,warehouse,factory,[...]

ReadmoreSource(s):MLIT(Japan)CHAPTER

07TokyorealestateLandutilizationofTokyometropolisinJapanfrom1955to2021(in1,000hectares)LanduseinTokyometropolisinJapan1955-2021ResidentiallandAgriculturallandMountainforestOther1201.84