世邦魏理仕：2026年亚太投资者意向调查报告：日本篇（英文版）（24页）.pdf

1、REPORTJAPANREAL ESTATECBRE RESEARCHFEBRUARY 20262026Asia Pacific Investor Intentions Survey:Japan ResultsIntelligent InvestmentIntelligent Investment2026 Asia Pacific Investor Intentions Survey:Japan Results|Report2CBRE RESEARCH 2026 CBRE,INC.CBREs 2026 Asia Pacific Investor Intentions Survey was co

2、nducted 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 esta

3、te 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 e

4、nvironment,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.ExecutiveSummaryKey Findings53%of r

5、espondents indicated that their real estate purchase volume in 2026 would increase compared with 2025,while some 36%of investors responded that their sales volume would increase.The proportion of respondents expecting increases in buying and selling volumes both rose compared with the previous surve

6、y.As for the preferred asset type for investment in 2026,office returned to top position for the first time in three years.Many respondents cited items related to improvements in leasing market fundamentals as a key tailwind for real estate investment.Rising construction costs ranked first in the li