Japan-based transaction volume down year-over-year

Total real estate investment volume (excluding transactions below JPY 500 million ($4.7 million), preliminary results) in the second quarter of 2019 reached JPY 1,050.6 billion ($9.9 billion), according to Cushman & Wakefield surveys. The figure represents a decline of 9.1 percent, year-over-year.

The total real estate investment volume during the first quarter reached JPY 1,714.4 billion ($16.3 billion), –12.2 percent, year-over-year, while the first half of the year was JPY 2,765.0 billion ($26.2 billion), –11.1 percent, year-over-year.

J-REITs accounted for 43.1 percent of total investment volumes in the market.

The office sector had the highest trading volumes in the second quarter of 2019 (preliminary figures), with investment volume hitting JPY 388.3 billion ($3.68 billion), –5.9 percent, year-over-year. Investment volumes in the logistics sector reached JPY 201.9 billion ($1.9 billion/29.8 percent), which was the second most active sector after