“The year marked a clear inflection point, as investors and property managers alike acknowledged Japan’s sustained rental growth, driven by an inflationary macroeconomic backdrop,” says Naoki Suzuki, president and CEO of KJRM Holdings, or KKR Japan Realty Management.
2025 saw the return of rental growth in supply-constrained cities, renewed confidence in listed REITs and rising demand for assets aligned with decarbonisation and digital infrastructure.
Few markets surprised investors more in 2025 than Japan, according to a new report by Asia Pacific Real Assets Association (Aprea).
