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.