Tokyo once a place with the most expensive real estate in the world saw enormous price drops when the Tokyo real estate bubble burst and again with the 2009 world financial crisis.
Now areas outside of tokyo are being especially feeling the pain due to oversupply of real estate and the lack of financing available. Demand for commercial real estate in Japan in down and many real estate professionals advise to sell, and get out before anymore losses are made. rental rates are continuously falling while new buildings are being made, which makes it extremely difficult for property managers to secure leases.