Logistics Japan

Inhalt

• Demand for logistics facilities in Greater Tokyo has again outpaced supply, and vacancy rates have dropped to record-low levels of 0.2%.
• Vacancy rates in Greater Osaka have remained at 2.8%, with demand catching up to the high levels of supply seen in the first half of 2020.
• High levels of rental growth seen previously in Greater Tokyo have slowed down to 0.9% YoY. However, rents in certain areas have still shown a disproportionate increase.
• Average rents in Greater Osaka have breached the JPY4,000 barrier, following a YoY increase of 7.5%.
• 2020 saw the highest proportion of investment into the logistics sector, signifying the increased interest with somewhat overheated valuation that the sector has gained during the pandemic.