Commercial rents fell by 3.5% in Tokyo in the 1st half of the year

Featured image of the article Commercial rents fell by 3.5% in Tokyo in the 1st half of the year

An article by Sophie Baqué

Publication

16 October 2024 à 16h06

Updated on 18 October 2024 à 18h07

Reading time

2 minutes

Publication: 16 October 2024 à 16h06, Updated on 18 October 2024 à 18h07

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

16 October 2024 à 16h06

Updated on 18 October 2024 à 18h07

Reading time

2 minutes

Publication: 16 October 2024 à 16h06, Updated on 18 October 2024 à 18h07

Reading time: 2 minutes

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According to Savills’ October 2024 report, retail rents for ground floor stores in Tokyo fell by 3.5% in the 6 months to the end of June 2024. This fall in rental values is explained by the withdrawal from the market of the most qualitative retail locations. “The upward trend in rents has prompted some tenants to acquire their current premises outright from their landlords”, said the study. In the Ginza district, rents have fallen by 11% in a year (to the end of June), in Shinjuku by 12.9%...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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