2026 Asia Pacific Investor Intentions Survey: Japan Results

Buying and selling intentions are strong and investment activity should stay firm in 2026
Investor interest in office remains high supported by solid leasing market fundamentals

• CBRE’s 2026 Asia Pacific Investor Intentions Survey was conducted in November 2025. The survey asked respondents about their willingness to acquire and sell real estate in 2026, as well as their preferred investment strategies and asset types. This report summarizes the responses of investors based in Japan.

• The survey results indicate that the Japan real estate investment market will remain active in 2026, and that many investors expect real estate prices to rise. The survey also revealed a pronounced shift in investment strategies from core to value-add.

• The pace of interest rate rises in Japan has accelerated. At the same time, the current leasing market environment, particularly for offices, remains one in which rental growth can be expected. In 2026, investors are likely to continue focusing on achieving returns thorough rental growth that exceed the impact of rising interest rates and inflation-driven cost increases.