Changing Osaka – A Summary
Osaka's office district formerly extended along Midosuji from Yodoyabashi to Honmachi, but over the past 20 years it has shifted to Umeda. CBRE expects this trend to accelerate further over the next 10 years.
Shinsaibashi has always been a bustling area at the heart of Osaka's retail district. In recent years it has grown to become one of Japan’s most popular locations for both Japanese and inbound visitors. As a result, demand among retailers to open new stores in Shinsaibashi is growing and is likely to extend to its surrounding areas.
Over the next 10 years Osaka will see the emergence of a new commercial real estate hub - Yumeshima. This has already been chosen as the site of the 2025 World Expo and is also the prime location candidate for Integrated Resorts. Should this go ahead, the Integrated Resort will generate synergistic effects, with the office-oriented Umeda area and the trade-oriented Shinsaibashi/Namba area, making Yumeshima a new commercial real estate hub in Osaka.