#Japan #Tokyo #Market Report #Logistics Real Estate #CRE

CRE’s New Market Report: A Look at Warehouse Trends

Tokyo-based CRE (Chief Executive Officer: Kameyama Tadahide), has just released the beta version of its Warehouse and Logistics Real Estate Market Report (Ver. 202506). This report focuses on the rental market for large warehouses, defined as spaces over 10,000 square meters, across four major Japanese regions: the Tokyo Metropolitan Area, Kansai, Chubu, and Kyushu.

Drawing from CRE's extensive database that manages about 1,300 properties and covers approximately 480,000 tsubo of master lease properties as of April 2025, the report provides an in-depth analysis of the current market conditions. It also includes information on smaller rental warehouses (those below 1,000 tsubo), which are exclusively managed by CRE.

Quarterly Insights on Market Trends

CRE plans to release updates on market dynamics every quarter—in January to March, April to June, July to September, and October to December—ensuring that stakeholders have access to the latest data and insights.

A Snapshot of Large Warehouse Market Trends

• - Tokyo Metropolitan Area: The region has benefitted from a significant reduction in supply, coupled with robust demand. As a result, the vacancy rate has seen a slight improvement, recorded at 10.03%, a decrease of 0.55 points from the previous quarter.

• - Kansai Region: Here, the absorption of existing properties has been encouraging. However, the increase in unsold new properties has led to a rise in the vacancy rate, which is now 5.22%, up by 0.76 points compared to the previous quarter.

• - Chubu Region: An influx of new supply has resulted in unsold inventory, pushing the vacancy rate to 20.15%, a noticeable increase of 5.52 points from last quarter.

• - Kyushu Region: Both new and existing properties have been absorbed effectively, resulting in a third consecutive quarter of decline in the vacancy rate to 4.84%, a drop of 0.25 points from the prior quarter.

Trends in Small to Medium-Sized Warehouse Markets

• - Tokyo Metropolitan Area: Despite some planned exits, the overall trend has been towards business expansion, leading to a reduced vacancy rate of 1.41%, down by 0.75 points from the last report.

How to Access the Market Report

For more detailed insights, interested readers can download the full version of the Warehouse and Logistics Real Estate Market Report (Beta) Version 202506 from CRE's website. Please note that a free membership registration is required for access. You can find it here.

Copyright and Usage

The contents of this report are protected by copyright owned by CRE. When referencing or quoting from this report, please indicate it as data sourced from CRE. There are strict prohibitions against modifying, selling, or misusing the report's contents without proper acknowledgment.

About CRE

Founded in December 2009, CRE has established itself as a leader in logistics real estate, offering comprehensive services that encompass development, leasing, asset management, and more. With a development portfolio centered around its logistics facility brand, LogiSquare, CRE manages around 1,600 properties with a total area exceeding 2.04 million tsubo (approximately 6.75 million square meters), marking its significance in the logistics real estate sector in Japan.

For further inquiries, please visit CRE's corporate site at CRE Corporate Website.