Mini storage is an investor's best friend, and in Tokyo I have seen a couple of flexible sites - connex containers stacked two or three high in empty lots.
Land is at an extreme premium here, and it is interesting to see urban gardens all over the place, as well as older homes regularly torn down and replaced with newer.
However, Tokyo is not immune to the recent global real estate meltdown. A cleared lot near my in-laws' home meant for condos is still vacant, going on three years now.
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