DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cf09b3/japan_real_estate) has announced the addition of the "Japan Real Estate Report Q4 2011" report to their offering.
In the last update, the Japanese market for real estate seemed rather dire in light of the disastrous effects of March's earthquake and subsequent tsunami. The picture now is more mixed and certainly not one that is entirely negative. Although there are many commercial casualties, there are areas and business that have and will benefit from the change in circumstances.
Stepping somewhat aside from the direct effects of the earthquake and tsunami, the country has systemic problems that are affecting the real estate market. A population that is ageing and not growing in number has long been an issue for debate in relation to much of industry. Japan is also besieged by political instability and yet another change of leadership does not help the country recover and we may well see another very slow period economically for the country. The real estate market will have to bide its time too.
US distribution firm Prologis has said that its effective rents from Japanese warehouse tenants may rise by 10% by July 2012, according to Bloomberg in July 2011. The increase is likely due to a shortage of available warehouse space in Japan, following damage to a number of facilities in the March 2011 earthquake and tsunami. The firm also plans to provide new supply to meet the strong demand.
Companies Mentioned:
- Kajima Corporation
- Kumagai Gumi
- Obayashi Corporation
- Sanyu Construction
- Sekisui House
- Shimizu Corporation
- Sumitomo Real Estate Sales
For more information visit http://www.researchandmarkets.com/research/cf09b3/japan_real_estate