13.06.2011 - Real estate pain looms as uncertainty plagues Japan

Japan's earthquake and the resulting tsunami are likely to hit office and luxury retail rents in Tokyo, but the long-term impact on the country's industrial sector remains uncertain, according to CB Richard Ellis. In a preliminary assessment of the quake's impact on Japan's real estate markets, CBRE found that demand in the industrial market could temporarily lift, but the long-term effects on industrial rents were still unclear.............................................Full Article: Source

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