Greater Investment Difficulty and Higher Asset-Management Demands Due to Deteriorating Real Estate Market Conditions
First written in FY2024. 1 of 2 entries say "Worsened", first in FY2026. Latest entry: FY2026.
NIPPON KANZAI Holdings moved to the "Worse" side of this theme in 2026.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Upward pressure on cap rates from rising interest rates is competing with rent growth driven by surging construction costs. As a result, it has become increasingly important to identify properties that warrant higher rents, while asset management that accurately captures growth and enhances asset value is required.」
The explanation of deteriorating market conditions and increasing investment difficulty has been expanded to specifically address rising interest rates, cap rates, surging construction costs and the need to select investment properties. - FY2024First statedAnnual report
「Pessimism about the U.S. office market and similar factors are also having a negative effect on market conditions in Japan. Real estate investment is becoming more difficult, making investment judgment increasingly important, while increasingly stringent demands are being placed on asset management that enhances asset value.」
Pessimism about the U.S. office market has also affected Japanese market conditions, and the risk that real estate investment will become more difficult and that demands for higher asset values will increase has been explicitly identified for the first time.