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Retail Japan

May 2021

Report

Autoren: Tetsuya Kaneko , Christian Mancini

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 14.05.2021
  • Seiten : 7 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 3,47 MB
  • Sprache(n) : Englisch

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Inhalt

Greater polarisation emerging

  • Average 1F rental growth in Tokyo has decreased in 2H/2020, with Omotesando seeing a notable decline. The market may see further correction as rents remain somewhat infl ated by the increase in the number of prime-location listings that have come onto the market during the pandemic.
  • Regional rental performance was similar to that of Tokyo, with rents seeing a drop from the previous half year.

  • Transaction volumes in 2020 were around half of 2019 levels. However, we expect to see more transactions this year stemming from increased corporate real estate disposals.
  • The polarisation between the winners and losers is increasing. Prime assets remain popular in both transaction and leasing, whereas retail assets selling consumer discretionary goods have been greatly damaged.

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