Savills

Publication

Fukuoka Residential Markets November 2021

Fukuoka's residential market remains resilient

 

  • Fukuoka has been the fastest growing city among major regional cities in Japan.
  • The city's compact and convenient layout, young demographics, and accommodating attitude towards new ideas attract students, workers, and entrepreneurs.
  • With the leadership of its media-savvy mayor, Fukuoka is striving to become a leading city in Asia with start-ups, digital transformation, and redevelopment.
  • The central areas, such as Tenjin and Hakata, have seen sound demographic growth, and redevelopment projects such as Tenjin Big Bang and Hakata Connected should further help to make these areas attractive.
  • As a major beneficiary of inbound tourism until the pandemic, the progress towards the normalisation of international travel is a welcoming development for Fukuoka.

Fukuoka's residential market remains sound with its fundamentals underpinned by its positive migration and vibrant business environment. The city's compact and convenient layout, young demographics, and accommodating stance towards new ideas are attractive characteristics. Major redevelopment projects such as Tenjin Big Bang and Hakata Connected should further boost the city's growth. 

Savills Research & Consultancy
Map 1

GRAPH 1 | Fukuoka City Migration Flows, 2020