NIKKEI REAL ESTATE MARKET REPORT

In Ginza, there are only a few properties for sale, and the transaction market remains sluggish. In the rental market, the willingness of luxury brands and secondhand goods shops to open stores is strong, but there is a large rent gap between lessors and lessees in areas other than high streets, and it appears that it will take time to eliminate vacancies for street-facing first floor store spaces. On the other hand, the number of pedestrians which declined due to the Covid-19 pandemic gradually recovered, and moves toward development are becoming conspicuous. ≫

Source