THE population of Yokosuka City was more than 420,000 in 2000, but it is expected to decrease to about 380,000 in March this year and 340,000 in 1935. On the other hand, the aging rate is increasing rapidly, reaching 31.8% in 2000 and 35.6% in 1935, which is higher than the national average.
As a response to population decline and aging, the city is also required to shift to a "base network type urban development" with a compact and centralized urban structure where people can live on foot. The redevelopment project seems to be a project that determines the success or failure of sustainable urban development. However, we must not forget the peculiarity of Yokosuka City. The city has facilities related to the US military and the Self-Defense Forces, and there are many universities and vocational schools such as the National Defense Academy, Kanagawa Prefectural University of Health and Welfare, and Kanagawa Dental University.
Among them, there is a solid rental demand for those involved in the base (US military Yokosuka base), and there are many rental owners who have properties for this purpose. Although the population of the city will decrease, it is an area where potential can be expected if we focus on real estate investment. Furthermore, there is a possibility that the number of exchanged people and migrants will increase due to urban development with an eye on the future. Yokohama station is less than 40 minutes from Yokosuka Chuo station, Shinagawa station is just 1 hour, and Shinjuku station is about 1 hour and 15 minutes. It has good access to the city center and can be a commuting area for business people who want to live in a core city surrounded by nature. It will also look attractive to the remote work layer. Yokosuka City's efforts may be a touchstone for overcoming the challenges faced by local cities.