CBRE Leads Commercial Real Estate Sales Activity in Japan in 2023

CBRE (Japan headquarters: Marunouchi, Chiyoda-ku, Tokyo) was the top-ranked firm for commercial real estate investment sales in Japan, Asia Pacific and globally during 2023, according to MSCI Real Assets. 

CBRE held the top spot across the five major asset types in Japan in 2023: office, industrial, retail, apartments, hotels. MSCI Real Assets credited CBRE with a market share* of 61% across all property types in Japan in 2023—significantly higher than the number two firm.

CBRE continues to lead the commercial real estate investment market in Japan, ranking number one across the five largest asset classes: office (67% market share), industrial (84% market share), retail (47% market share), apartments (44% market share), and hotels (49%).

“We have seen a notable increase in client requests in Japan to maximize their value, and we are dedicated to collaborating with them to capitalize on attractive and strategic real estate investment opportunities that contribute to the growth of the Japanese economy,” said Takashi Tsuji, President and Chief Operating Officer for CBRE. “We deeply appreciate our clients' recognition of our expertise and our capability to deliver comprehensive real estate solutions.”

CBRE’s representative transactions in Japan encompass a wide range of asset classes, including large logistics portfolio transactions across various Asian countries, large office transactions in the Tokyo metropolitan and Kansai areas, and multiple residential rental portfolio transactions. Transactions extend to other asset types such as hotels, benefitting from the surge in tourism to Japan, and data centers, driven by the increased demand for cloud services and data transmission volume.
 
*Market share is calculated based on the dollar value of transactions in which CBRE acted as the seller's agent divided by the total value of brokerage transactions. Download PDF