MARCH 2013 - DURATION: 6:47
William O'Connor, Senior Researcher, Japan Research, CBRE
Market sentiment in Japan improved following the election of the Liberal Democratic Party in December 2012, and there are high hopes that the new government’s economic policies will boost the domestic economy. In the office sector, Grade A rents have bottomed out and should rise during 2013 as occupiers remain focused on better-quality buildings in core locations. The logistics sector continues to witness strong demand and vacancy is at an historical low. The investment market is seeing strong interest from international investors, attracted by the spread between cap rates and interest rates and by the view that now is a good time to buy as the market exits the downward cycle.
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