On July 28, JLL (Jones Lang LaSalle Incorporated, an American firm specializing in commercial real estate around the world) announced preliminary figures for Japan’s commercial real estate investment in the first nine months of 2019, up to the third quarter.
In the first nine months, it was 3.159 trillion yen (up 2% year-on-year), and in the third quarter it was 0.917 trillion yen (up 9% year-on-year).
The first half of the year (January to June) was ±0%. The increase was in the third quarter. It contributed to the overall year-on-year increase for Q1, Q2, and Q3. Amid high real estate prices, the reason for the increase seems to be an increase in the number of businesses that sell real estate holdings, and real estate companies that sell development properties to private placement funds. Globally, uncertainty is increasing in the region due to trade disputes between the US and China and political instability in Hong Kong. The number of overseas investors who are interested in investing in Japan has increased. In the latter half of 2019, the buying and selling of real estate is becoming more active, and the amount of the money in buying and selling transactions is expected to increase compared to 2018.