CBRE: Retail rents in Tokyo up 7% in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how trends for retail property rents vary quite markedly across the region. CBRE grouped markets in four categories: Growth Slowing; Steady Growth; Peaking and; Continued Decline. Tokyo is included in the first of these. CBRE is looking for retail rents in X to rise by about 7% in 2016, having risen by nearly 15% in 2016. CBRE estimates that the retail development pipeline for Tokyo over 2016, 2017 and 2018 includes about 7.5mn square feet of space.
Source : CBRE/ February 2016/Tokyo/RET