Building boom

Building Boom is always there whether good times or bad, by the way, what is the rate of vacancy both for residential and commercial buildings in Japan? pretty high.

And where is the "building boom" for Tohoku? Why does Tokyo take precedence over the refugees? Oh right, the Olympics, dummy me. Sports are more important than people!

I can't even remember when Tokyo didn't have a building boom, like some14some said above.

There is nothing remotely close to a building boom, pay raises, or economic upturn anywhere in Shikoku.

I highly doubt there's any "boom" anywhere outside of Tokyo either.

Maybe they should rename this country from "Japan" to "Tokyo".

"...what is the rate of vacancy both for residential and commercial buildings in Japan? pretty high."

I know the rate of commercial vacancies in certain Tokyo areas was fairly high a few years back. You have to wonder whether these builders have prospective tenants or if this is speculative construction.

Japan seems to be a heavy shortage of construction workers all over constructions. Olympic constructions in Tokyo are now behind schedule and also Tohoku recovery is far behind.

I remember apartment shopping ~2012 with my prospective roommates. The first place we looked at had been @ <50% occupancy since it was constructed in 2005/2006. We asked if we could get additional parking (we had 3 cars total), which we were willing to pay for, we just wanted it on-location. They refused, so we took our business elsewhere.

I don't understand how managing properties in this fashion is in any way profitable.... Maybe it's to keep up the illusion of demand, which in turn keeps land and other real estate asset prices higher than they should be. Like a Japanese version of America's pre-2008 housing bubble......perpetuated over several decades of stagnation.

They need to build now because they slowed down so much after the earthquake. Last month the number of new apartments offered in Tokyo was the lowest for 23 years.

Abenomics in action. whenever currencies weaken or liquidity is artificially generated propertty booms result. Which nearly always end in property busts.......

With Tokyo prices at 20% of the peak - about same levels as 1980 in real terms - we're still a long way for a boom or bubble. Tokyo is about half the price of New York or Singapore and one third of Hong Kong or London.

My goodness. where ever do they store these huge cranes when not in use?? Good to see the building in Japan. Great photography!