Tokyo is now in the “Big 7” –Attractive real estate investment market
American’s biggest real estate service Jones Lang LaSalle (JLL) chose 83 cities around the world as attractive real estate investment places in the city index report in 2018 and placed Tokyo as the top “Big 7”. It says Tokyo should be chosen for the real estate investment market. Kyoto, Nagoya and Osaka was in top 83 cities as well but China stood out as 12 cities were in the top list which was the biggest number out of Asia.
JLL has 300 branches in 80 countries and deals with management and mediation of commercial facilities, logistics facilities, offices, and hotels. This report was based on the transaction price and number of cases, and marketing information from their data base.
83 cities were classified into 10 ranks, and London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul were picked for the top “Big 7”. It is said that investors who handle multinational company and international trade would pay attention to the places.
Kyoto was judged as the 5th “influencer” where the fluctuation ranges of office rent is small and has a stable real estate market. Nagoya and Osaka was 10th “Domestic Growth Engine” It means the economic position in Japan is high there.
On the other hand, Shanghai and Beijing were chosen for the second “challengers” from China. Guangzhou and Shenzhen were the 7th “Enterpriser” as it has succeeded in attracting real estate investors. Chengdu and Chongqing was in the 8th “Power House” where office rent increased the most.