

PERE’s 2025 Japan report highlights how the market is adapting to shifting interest rates
Japan’s real estate market is in the midst of a transformation as the Bank of Japan raises its key interest rate. While rising capital costs typically lead to caution, Japan’s real estate fundamentals remain resilient. Investors are closely watching how cap rates will respond, but with robust rental growth across key asset classes and positive yield spreads over debt costs, the market continues to offer compelling opportunities in specific strategies.
INSIDE THE JAPAN REPORT
LATEST ASIA-PACIFIC NEWS
PREVIOUS COVERAGE
Japan remains the top Asia-Pacific destination for investors, who are needed now more than ever as the country looks to decarbonize its real estate sector – an undertaking with no shortage of challenges, but which also presents a great many opportunities.
Stability and scale help Japan’s real estate market hold a competitive edge
Unified Industrial on strong foundations supporting growth in Japan
The rising role of private J-REITs
LaSalle: Stable Japan appeals across multiple sectors
An uphill battle with decarbonization targets
Japan’s real estate market remains as diverse as ever. Our latest Japan report showcases a country that despite facing headwinds, is keen to tackle the challenges both creatively and resiliently, to show the world its full potential.
Four key takeaways from the Japan report
Slim pickings in the J-REIT market
GAW Capital: Adding value in Japan
Japan’s long road to net zero
BentallGreenOak: Japan is a unique opportunity
Warehouses and data centers are surging in popularity as private real estate investors look to capitalize on Japan’s latest trends. The government is driving a data center building boom, while the nation’s logistics facilities are in need of modernizing. Meanwhile, the ever-popular multifamily residential and office sectors both remain attractive to investors, particularly those who can add value through ESG improvements.
Warehouses and data centers are taking center stage in Japan
Savills Investment Management on seeking stability in multifamily
Japan’s regional opportunity: looking beyond Tokyo
BentallGreenOak: Japan’s office market is ready for an ESG revolution
Carbon reduction follows the money
Click here to access PERE’s in-depth special reports covering a wide array of topics, plus our digital magazines.