Across Japan's shrinking rural towns and aging suburban districts, abandoned homes are quietly reshaping the country's property market, forcing policymakers, banks, developers, and local governments to confront the unintended consequences of demographic decline.
Japan's office market tightened further in the third quarter of 2025, with vacancies falling in half of the nation's major cities and rents climbing to record levels, according to a new report by CBRE.
According to CBRE, Japan's commercial real estate transaction volume rose by 24% year-over-year to JPY 1.207 trillion in Q3 2024, with large transactions exceeding JPY 10 billion doubling from the same period last year.
Global property consultant CBRE reported this week that Japan's commercial real estate transaction volume for Q2 2024 decreased by 25% year-over-year to JPY 663.0 billion.