MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
3 -1. Market Overview
Market Overview 1
Supply-demand balance and
vacancy rate 1/3
Greater Tokyo Area
thousand m
Forecast
15%
MFLP Mitsui Fudosan
Logistics Park Inc.
: New supply in 2022 and
2023(January-June)
: Vacancy rate 0-5%
: Vacancy rate 5-10%
: New demand in 2022 and
2023(January-June)
: Vacancy rate 10%-
Population Density* (people/km) 0-5,000.
: Population Density* (people/km) 5,000-10,000
: Population Density* (people/km) 10,001~
=100 thousand m
: Submarket areas
*As of June 30, 2023
4,000
3,500
Tohaku Expressway
12%
3,000
Tohoku/Ken-O
Expwy area
MFLP Kuki
2,500
Metropolitan Inter-City
Expressway
(Ken-O Expressway)
9%
Kuki IC
Tsukuba Chuo IC
Shiraoka Shobu IC
2,000
MFLP Tsukubamirai
Kuki-Shiraoka JCT
6%
Okegawa-
Tsukuba JCT
MFLP Tsukuba
1,500
Kitamoto IC
Saitama Prefecture
Kan-Etsu/Ken-O
1,000
National
Joban
Expwy area
3%
Tokyo-Gaikan
Route 16
Expressway National Route
16 area
500
Tsurugashima JCT
Kanetsu
Expwy area
MFLR Kashiwa
Expressway
MELP Tokorozawa
Kashiwa IC
0
0%
Kawagoe IC
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
(year)
Tokyo Gaikan MFLP Misato
Expressway
(Gaikan Expressway)
Chiba
inland area
MFLP Iruma MFLP Prologis
Gaikan Misato Nishi IC
Narita area
Park Kawagoe
LOGIFRONT
MFLP Iruma 10
Tokyo-Itabashi
Soka IC Misato JCT
MAFLP Yashio
MFIP Inzai
Misato Minami IC
MFIP Inzai
Taiei JCT
thousand m
1,500
18%
MFUP
Tachikawa Tachihi
Tokyo
Oizumi
JCT
Hachioji area
1,200
Hachioji IC
12%
Chuo Expressway
MFLP Hino
Nishi shinjuku
JCT
Central
Circular Route
Komatsugawa JCT
Koya JCT
Chidoricho IC
Kasai JCT
900
Hachioji IC
Tomei JCT
(tentative
name)
600
6.8%
Kanagawa
inland area
MFLP Atsugi
6%
Sagamihara
Aikawa C
Kanagawa
MFLP Ebina I
MFIP Ebina
Third Keihin Road
MFUP
Chuo JCT
(tentative name)
Ohashi JCT
MFLP Shinkiba II
MFLP Shinkiba I GLP/MFUP
Tokyo Rail Gate Oi JCT Ichikawa
Shiohama
EAST
MFLP Funabashiminamikaijin
MFIR Haneda Ichikawa Shiohama II
Haneda Airport
MFLP Kawaguchi
MFLP Funabashi
Nishiura
Wangan
Ichikawa IMFLP Funabashi III
MFLP
Yachiyo Katsutadal
Keiyo Road
MFLP Funabashi II
MFLP Funabashi I
Higashi-Kanto
Expressway
Chiba
Prefecture
300
Yokohama
Kohoku
MFLP Kawasaki I
Prefecture
0
Q3
2021
Q4
70
2.0%
0%
Q1
Q2
Q3
Q4
Q1
Q2
2022
2023
MFLP Atsugi II
Daini Tomei
Expressway
Atsugi IC
Isehara Oyama IC Isehara JCT
MFLP Zama
MFLP Tomel Ayase
Tomei Expressway
-MFLP Ebina Minami
Ebina JCT
Wangan Line
Daikoku Futo IC
MFLP Yokohama
Daikoku
Tateyama
Expressway
New supply
New demand
MFLP Hiratsuka II
Ebina Minami JCT
Minami IC
Vacancy rate
Vacancy rate
MFLP Hiratsuka
Samukawa- Fujisawa IC
Minami IC
MFLP Hiratsuka III
Kamariya JCT
Kisarazu JCT
Greater Tokyo
Bay area
(logistics facilities 1 year
old or older)
Source: CBRE K.K. (August 2023)
* Survey of rental logistics facilities held by real estate investment companies,
real estate development companies, etc. with total floor area of 5,000 m² or more.
: Logistics facilities properties held
by MFLP-REIT
: Industrial real estate properties held
by MFLP-REIT
: Properties developed
by Mitsui Fudosan
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