Japan Retail MarketView Q4 2014
Demand remains robust in key markets
Supply-Demand balance for standalone remained tight in Q4 2014 in Tokyo, Osaka and Nagoya. Rents are expected to continue their upward trend, but the pace may be slower than in previous quarters, due to slower than expected recovery in consumption, and rents have already risen quite rapidly in some prime areas.
Prime rents (assumed achievable rents) in Tokyo were flat q-o-q in Q4 2014 at JPY350,000/month per tsubo (including CAM).