With a metropolitan area GDP of about (US) $75 billion and population of about 2.2 million, Sendai is the economic and political capital of Japan’s Tohoku region, the northeastern portion of the country’s mainland.
Sendai continues to recover from the catastrophic impact of the 2011 Tohoku earthquake and tsunami. Economic growth plummeted in the quake’s immediate aftermath, spiked dramatically during the recovery period and has since stabilized. Demand for industrial properties and warehouses is driven primarily by the wholesale, retail and service sectors. Amazon Japan set up a call center in Sendai in 2012. About 14 percent of the area’s economy comes from manufacturing, including the production of semiconductors and electronic devices.
The city’s multimodal transportation infrastructure makes it a logistics and distribution hub for the region. High-speed rail connects Sendai to Tokyo in 90 minutes. Sendai International Airport handled about 6,000 tons of cargo in 2015 and operates direct flights to Seoul, Shanghai, Beijing and Taipei. Since the devastation of 2011, the Port of Sendai-Shiogama has reestablished itself as major freight shipping hub, handling growing international container traffic from the main Japan-North American routes.
Prologis operates industrial properties and warehouses in the Sendai region.