Prime Retail Markets Across Japan 2017

Hideaki Suzuki • 20/09/2017

THE CONTINUALLY CHANGING LANDSCAPE OF PRIME RETAIL MARKETS ACROSS JAPAN

 

Our biennial report covers the shifts in Japan’s retail market and consumer trends, including:

 

  1. The ranking of retail locations based on rent prices
  2. Changes in rent prices due to tourism and redevelopment
  3. The Shibuya station development project
  4. Shifts toward an experience-based retail market

Some of the key highlights for retailers include:

  • Tourism figures posted a 13% growth rate in Q1 2017 and are on pace to reach the 40 million visitors target. However, the high volume of travellers has caused top-end rents in Shinsaibashi to rise by 66%.
  • The PARCO redevelopment project is scheduled to be completed in the fall of 2019 and is predicted to draw in pedestrian flow from the iconic Shibuya crossing. This has caused a dilemma amongst retailers to relocate to the Shibuya station area.
  • Experiential retail has become a megatrend in the Japanese retail environment causing an increase in community-oriented stores, athleisure brands, pop-up shops and food halls.

関連インサイト

apac outlook
Insights • Topical Report

2017 Asia Pacific Mid-year Outlook

Hideaki Suzuki • 6/07/2017
prime retail 2018
Research • Investment

プライム・リテール・マーケット・アクロス・ジャパン

日本の目抜き通りリテール市場に関するレポート「プライム・リテール・マーケット・アクロス・ジャパン:ミレニアル世代とインバウンドに向けた路面戦略の変化」を発行しました。本レポートでは、賃料ランキングに焦点を当てながら、新たな消費世代と増加したインバウンド観光客に対応すべくリテール市場が変革を続けていることが再確認されました。
Hideaki Suzuki • 26/09/2018

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