Commercial real estate investment volume in Japan reached a record ¥2.21 trillion ($14.4 billion) during third quarter 2026, an increase of 4 percent year over year, according to CBRE’s latest “Japan Investment MarketView” report.
Four transactions exceeding ¥100 billion ($650 million) were recorded during the quarter, contributing to the record investment volume. Cumulative investment volume for the first nine months of 2026 also reached a record high.
Investment activity varied across property sectors. Office investment volume declined year over year, while logistics remained broadly flat. Residential, retail and hotel investment volumes in-creased, supported by several large transactions.
Acquisition volume by Japanese real estate investment trusts (J-REITs), including transactions be-low ¥1 billion ($6.5 million), totaled ¥379.7 billion ($2.47 billion) during the quarter. Purchasing activity remained robust despite continued weakness in J-REIT unit
