According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. A key growth market will be the infrastructure market, with output rising by 1.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in Japan in Q4 2024, according to GlobalData’s construction projects database.
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1. Yaesu 1-Chome North District Type One Urban Redevelopment
The project involves the construction of two commercial buildings with a total floor area of 1,82,560m2 on 1.6ha of land in Chuo-ku, Tokyo.
Construction work started in Q4 2024 and is expected to be completed in Q4 2031.
The project’s main aim is to provide better office, retail, and hospital facilities in the region. Buy the profile here.
2. S-LOGI Matsubara Logistic Facility
The project involves the construction of a 116,509.72m2, four-story, logistics facilities on 9.55ha of land in Matsubara City, Osaka Prefecture.
Construction work commenced in Q4 2024 and is expected to finish in Q2 2026.
3. ESR Kiyamacho Distribution Center
The project involves the construction of a 65,987.11m2, four-story, logistics facilities on 3.51ha of land in Miyaki-gun, Saga Prefecture Japan.
Construction work started in Q4 2024 and is forecast to complete in Q1 2026.
4. GLP Tomei Atsugi
The project involves the construction of a four-story 85,000m2 logistics facilities on 3.70ha of land in Atsugi, Kanagawa.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2026.
5. N3-5 Project
The project involves the construction of a 59.79m high, 24,122.82 m2, a 13-story office building on 0.22ha of land in Nagoya-shi, Aichi Prefecture.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
