Photo of Fushimi Inari Taisha shrine in Kyoto, JapanCushman & Wakefield Asia

Japan

Japan remains the world’s second largest economy and is the home to 67 of the world’s Fortune Global 500 firms. The Greater Tokyo area is the largest metropolitan area in the world with a population base of over 30 million. After a long period of stagnation, the Japanese economy is recovering including not only Tokyo but also spreading to include regional cities. Occupiers face more complex lease negotiations with thefixed-term Lease Law and savings potential through proactive portfolio management has never been greater. Landmark investment transactions involving foreign real estate investors and funds are common place and non-recourse lending has become more prevalent. The retail market has opened up and is very active including for foreign retailers which are developing new regional shopping centers and outlet malls as well as expanding their luxury brand presence in key fashion districts such as Ginza and Omotesando.

As Japan continues to grow and become an attractive market for both operations and investment, Cushman & Wakefield will play an evenmore active role in promoting international best practices, advising clients and contributing to market growth. By using our full platform of real estate services, Cushman & Wakefield is able to assist occupiers, developers, financiers and investors through the complex market, by structuring and delivering customized real estate solutions.

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