Market Share of Japan Office Real Estate Industry
There are both global and regional players in the Japanese office real estate market, and there is a lot of competition on the market.The market is anticipated to regain normalcy by the end of 2022. Companies are gearing up to meet future needs, and many are entering the market for further opportunities.
For example, IWG, which offers hybrid work solutions, told Mitsubishi Estate Co. in December 2022 that it was selling its master franchise in Japan. MEC is acquiring the master franchise from TKP Group by purchasing 100% of the shares in Regus Japan Holdings K.K., which runs 172 flexible workspace sites in Japan, according to an IWG announcement. With the master franchise deal, MEC can use IWG brands like Regus and Spaces all over Japan.
Some of the major players are Mitsui Fudosan, Mitsubishi Estate, Sumitomo Realty & Development, Tokyu Land Corporation, etc.
Japan Office Real Estate Market Leaders
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Mitsui Fudosan
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Mitsubishi Estate
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Sumitomo Realty & Development
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Tokyu Land Corporation
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Nomura Real Estate Holdings
*Disclaimer: Major Players sorted in no particular order
