CBRE: Retail rents in Tokyo up 7% in 2016

Realopedia Global Real Estate Portal

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