Japan

Japan’s economy has been on a slow but steady upward trajectory since the heydays of the 1990s. Because of low interest rates and a weak Yen, commercial real estate investments grew 50% from 2023-2024 to $34 billion. The market has cooled slightly in 2025 because of persistent inflation, global trade uncertainty, and labor shortages. Domestic giants like Toyota, Honda, and Mitsui still dominate and typically own their real estate, but global firms, especially in the financial services market, have established office space in the country. Tourism is booming, senior living is accelerating, different types of industrial infrastructure such as data centers, R&D spaces, and logistics warehouses.
A room with a large glass wall and a large table with chairs.

The tourism boom continues to redefine hospitality design.

A weak yen and a tourism surge have supercharged hospitality demand for high-end, experience-rich stays at branded hotels and entertainment-first destinations. Travelers are seeking culture, cuisine, and immersive design in their hotel stays.

Senior living is the next frontier for real estate developers.

Japan’s aging population is reshaping demand for urban senior living centers. Developers are moving fast to create wellness-oriented, high-comfort residential environments that blend care, community, and smart technology.
A building with a pool in front of it.

Data centers, logistics hubs and R&D facilities are driving industrial reinvention.

Industrial space in Japan is evolving, and demand is rising from both domestic conglomerates and multinationals as they expand digital capabilities and innovation footprints across the country.

Data Viz