• Transaction volume rose by 41% y-o-y to JPY 1.0 trillion in Q1 2020. The increase was mainly due to a rise in purchasing by overseas investors.
  • Expected yield for Tokyo assets: Hotels see rise for second consecutive quarter, while offices and logistics maintain record low.
  • CBRE Tankan Survey: Sentiment worsens for offices but unchanged for logistics facilities.
  • Outlook: Muted investment activity expected in Q2 2020 due to spread of COVID-19.