On October 30, CRE published the "Warehouse and Logistics Real Estate Market Report (Beta Version) Ver. 202509," which summarizes market trends for rental warehouses.
The report summarizes market trends in the Tokyo metropolitan area, Kansai region, Chubu region, and Kyushu region, focusing on large rental warehouses (10,000 m2). It also includes information on small and medium-sized rental warehouses (less than 1000 tsubo/managed only by the company), based on the company's unique database, which manages and operates approximately 1300 master lease properties totaling approximately 480,000 tsubo (as of the end of July 2025).
<Large warehouses: Tokyo metropolitan area>
According to the report, while supply of large warehouses in the Tokyo metropolitan area continues, strong existing demand is driving a decrease in the vacancy rate. The vacancy rate was 9.87% (down 0.16 percentage points from the previous quarter).
<Large warehouse: Kansai region>
In the Kansai region, strong demand is supporting the market for large warehouses, and the vacancy rate has decreased. The vacancy rate was 4.99% (down 0.23 percentage points from the previous quarter).
<Large warehouse: Chubu region>
Large warehouses in the Chubu region also saw a decrease in vacancy rates due to strong demand for existing properties. The vacancy rate fell to 16.95% (down 3.20 percentage points from the previous quarter).
<Large warehouses: Kyushu region>
In the Kyushu region, the vacancy rate for large warehouses increased for the first time in a year due to unsold new supply. The vacancy rate rose to 9.99% (up 5.15 percentage points from the previous quarter), making it the only region to see an increase in the vacancy rate.
<Small to medium-sized warehouses: Tokyo metropolitan area>
Furthermore, the vacancy rate for small and medium-sized warehouses in the Tokyo metropolitan area also decreased due to continued strong demand. The vacancy rate fell to 0.99% (down 0.42 percentage points from the previous quarter).
