In 2025, the so-called “baby boomer generation” in Japan—those born between 1947 and 1949—will all reach the age of 75 and older. This milestone is expected to trigger a surge in property inheritance and a rise in vacant homes, raising concerns about a potential decline in real estate prices. This is what's being referred to as the “2025 Problem.” ■ A Sudden Crash? Unlikely That...

The Tokyo office market has undergone significant changes in recent years due to diverse working styles, the impact of the pandemic, and economic recovery. In 2023, the vacancy rate in the 23 wards of Tokyo dropped from 6.2% to 5.1%. Notably, the core five wards (Chiyoda, Chuo, Minato, Shinjuku, and Shibuya) saw vacancy rates fall to 4.6%, dipping below 5% for the first time in nearly five years. This is...