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At Nikota, we are positive on the outlook for Yokohama and believe the area is likely to be one of the out-performers over the coming years due to the following:

• Current supply/demand dynamics and rent levels across most asset classes
• Numerous deep demand drivers for the local economy with a strong focus on R&D
• The affordability of accommodation and livability of the area, especially when compared to Tokyo
• The ongoing, active discussion amongst Japanese corporates on flexi-working and increasing employees ability to work from home and decentralized hubs going forward
• Potential development of Japan's first, or one of their first, casinos/integrated resorts

Below is the link to an interesting report published by Savills recently on Yokohama which touches on some of the abovementioned points.

Read the full report

The Yokohama government is moving forward with the planning for the integrated resort despite the headwinds. It is set to provide a major boost for the economy and tourism in the area. Exciting times for Yokohama, and for the whole of Tokyo given Yokohama is on its doorstep.

Read the full article

This snapshot of the Japan hotel market by Savills Hotels highlights some of the interesting dynamics at play in the market. There is no shortage of hotels deals in the market at present, especially 2 to 3-star properties, however, few tick the important boxes - quality hardware, convenient location, scale (well over 100 keys), and a good operator. The properties with operators/brands that resonate with both domestic and international tourists and business people are set to be the out-performers over the coming years.

Read the market snapshot

Excited to see that Heatherwick Studio is designing the public realm and retail areas for Mori Building's next major redevelopment, the Toranomon-Azabudai project, in central Tokyo. Projected to complete in 2023, I am sure it will be impressive.

Read the press release

It is worth talking note when the world's largest casino operator, and probably the most successful integrated resort operator in Asia, Las Vegas Sands, chooses to drop Osaka and focus its efforts on Tokyo and Yokohama. People are getting particularly excited about the potential impact of an integrated resort on real estate and the economy in Yokohama.

Read the full article