Commercial Real Estate Rents and Vacant-Store Supply in Tokyo’s Major Areas
First written in FY2018-Q2. 18 of 31 entries say "Restated". Latest entry: 2026-11-13.
0 other companies' latest entry also says "Restated".
- FY2026Polarization between central business districts and terminal areas and areas around stations and in the suburbsAnnual report
「Regarding real estate market conditions in the major Tokyo areas, a decline in vacancies at prime retail units and an upward trend in rents have been observed, mainly in central urban areas and around terminal stations with substantial foot traffic, while demand for opening stores remains weak for retail properties on the outskirts of stations and along suburban rail lines.」
The market has become increasingly divided, with vacancies declining and rents rising at prime retail units in central urban areas and around terminal stations, while demand for opening stores remains weak on the outskirts of stations and along suburban rail lines. - FY2026-H1RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, an increase in store openings and an upward trend in rents have been observed, mainly in areas benefiting from increased inbound demand, while demand for opening stores remains weak for retail properties on the outskirts of stations and other locations with limited brand strength.」
Although more store openings and higher rents have been observed in areas benefiting from inbound demand, demand for opening stores remains weak on the outskirts of stations and in other locations with limited brand strength. - FY2025RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, an increase in store openings and an upward trend in rents have been observed, mainly in areas benefiting from increased inbound demand, while demand for opening stores remains weak for large retail properties with high fixed costs and retail properties on the outskirts of stations and other locations with limited brand strength.」
Although more store openings and higher rents have been observed in areas benefiting from inbound demand, demand for opening stores remains weak for large properties and properties on the outskirts of stations. - FY2025-H1More store openings and some rent increases in areas with inbound demand, while weakness in certain properties continuesAnnual report
「Regarding real estate market conditions in the major Tokyo areas, more store openings and some rent increases have been observed, mainly in areas benefiting from the recovery in inbound demand, while demand for opening stores remains weak for large retail properties with high fixed costs, retail properties on the outskirts of stations and other locations with limited brand strength, and upper-floor properties with challenges in attracting customers.」
Although more store openings and some rent increases were observed in areas where inbound demand has recovered, demand for opening stores remains weak for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2024-Q3RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, tenant listings have been declining, mainly in areas where inbound demand is expected, while demand for opening stores remains weak for large retail properties with high fixed costs, retail properties on the outskirts of stations and other locations with limited brand strength, and upper-floor properties with challenges in attracting customers.」
Although listings have declined in areas where inbound demand is expected, demand for opening stores remains weak for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2024-Q2Listings decreased in areas with inbound demand, while weakness in certain properties continuedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, tenant listings have been declining, mainly in areas where inbound demand is expected, while demand for opening stores remains weak for large retail properties with high fixed costs, retail properties on the outskirts of stations and other locations with limited brand strength, and upper-floor properties with challenges in attracting customers.」
Although tenant listings declined in areas where inbound demand is expected, demand for opening stores remains weak for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2024-Q1RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, tenant listings have generally settled as foot traffic recovered, while demand for opening stores remained weak for retail properties on the outskirts of stations and other locations with limited brand strength, large retail properties with high fixed costs, and upper-floor properties with challenges in attracting customers.」
Although tenant listings have generally settled as foot traffic recovered, demand for opening stores remains weak on the outskirts of stations and for large and upper-floor properties. - FY2023RestatedAnnual report
「Although tenant listings have generally settled, demand for opening stores has remained weak for retail properties on the outskirts of stations and other locations with limited brand strength, large retail properties with high fixed costs, and upper-floor properties with challenges in attracting customers.」
Although the overall market has settled as foot traffic recovered, demand for opening stores remains weak on the outskirts of stations and for large and upper-floor properties. - FY2023-Q3RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, tenant listings have generally settled as foot traffic continues to recover, but the number of listings remains high in areas with a high proportion of inbound sales and on the outskirts of stations. In particular, demand for opening stores remains weak for large retail properties with high fixed costs and for upper-floor properties with challenges in attracting customers, and downward pressure on rents continues.」
As foot traffic recovered, listings generally settled, while the number of listings remained elevated, demand for opening stores remained weak, and downward pressure on rents continued in areas dependent on inbound demand, on the outskirts of stations, and for large and upper-floor properties. - FY2023-Q2The overall market has settled, while weakness in certain properties and downward pressure on rents continueAnnual report
「Regarding real estate market conditions in the major Tokyo areas, tenant listings have generally settled as foot traffic recovers, but the number of listings remains high in areas with a high proportion of inbound sales and on the outskirts of stations. In particular, demand for opening stores remains weak for large retail properties with high fixed costs and for upper-floor properties with challenges in attracting customers, and downward pressure on rents continues.」
As foot traffic recovered, tenant listings generally settled, while the number of listings remained elevated, demand for opening stores remained weak, and downward pressure on rents continued in areas dependent on inbound demand, on the outskirts of stations, and for large and upper-floor properties. - FY2023-Q1RestatedAnnual report
「Regarding real estate market conditions in the major Tokyo areas, the number of tenant listings remained high in areas with a high proportion of inbound sales and in areas strong in food-service and amusement facilities due to the spread of the infectious disease. In particular, demand for opening stores had not recovered for large retail properties with high fixed costs and for properties located on the outskirts of stations or on upper floors, and downward pressure on rents continued.」
The number of tenant listings remained high in certain areas, while demand for opening stores had not recovered and downward pressure on rents continued for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2022WorsenedAnnual report
「In particular, demand for opening stores has remained weak for large retail properties with high fixed costs and for properties located on the outskirts of stations or on upper floors, increasing downward pressure on rents.」
It was stated that demand for opening stores remained weak for large properties, properties on the outskirts of stations, and upper-floor properties, while downward pressure on rents intensified. - FY2022-Q3RestatedAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, tenant listings increased significantly in areas with a high proportion of inbound sales and in areas strong in food-service and amusement facilities as the infectious disease spread. In particular, demand for opening stores was weak for large retail properties with high fixed costs and for properties located on the outskirts of stations or on upper floors, increasing downward pressure on rents.」
Commercial real estate rents remain elevated, while tenant listings in certain areas and properties have increased, and weakness in demand for opening stores and downward pressure on rents continue for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2022-Q2WorsenedAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, tenant listings increased significantly in areas with a high proportion of inbound sales and in areas strong in food-service and amusement facilities as the infectious disease spread. In particular, demand for opening stores was weak for large retail properties with high fixed costs and for properties located on the outskirts of stations or on upper floors, increasing downward pressure on rents.」
While commercial real estate rents remain elevated, tenant listings increased significantly, and weakness in demand for opening stores and downward pressure on rents were clearly evident for large properties, properties on the outskirts of stations, and upper-floor properties. - FY2022-Q1RestatedAnnual report
「As the infectious disease spread, tenant listings increased, mainly for retail properties in areas with a high proportion of inbound sales and for urban-style retail properties, requiring continued monitoring of future developments.」
While commercial real estate rents remain elevated, tenant listings continue to increase, mainly in areas dependent on inbound demand and in urban-style retail properties, and market trends continue to be monitored. - FY2021Monitoring the increase in tenant listings during the infectious diseaseAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, tenant listings have been increasing, mainly in areas with a high proportion of inbound sales and in urban-style retail properties, as the infectious disease spread, requiring continued monitoring of these trends.」
While commercial real estate rents remain elevated, tenant listings have been increasing, mainly in areas dependent on inbound demand and in urban-style retail properties, and descriptions calling for continued monitoring of market trends remain in place. - FY2021-Q3RestatedAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, tenant listings increased in areas with a high proportion of inbound sales and in urban-style retail properties as the infectious disease spread, requiring continued monitoring of its impact on the market.」
The market environment continues to be characterized by elevated commercial real estate rents and an increase in tenant listings in areas dependent on inbound demand and in urban-style retail properties due to the infectious disease. - FY2021-Q2An increase in tenant listings due to the infectious diseaseAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, tenant listings increased in areas with a high proportion of inbound sales and in urban-style retail properties as the infectious disease spread, indicating the need to continue monitoring changes in the real estate market.」
While commercial real estate rents remain elevated, tenant listings increased in areas dependent on inbound demand and in urban-style retail properties as the infectious disease spread, creating a need to monitor market changes. - FY2021-Q1The number of commercial real estate transactions fell sharply due to the infectious diseaseAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate had remained elevated in recent years, the number of transactions fell sharply due in part to the effects of the state of emergency, requiring close monitoring of the future impact of the infectious disease on real estate rents.」
While commercial real estate rents had remained elevated, the number of transactions fell sharply due to the state of emergency, creating a need to monitor the impact of the infectious disease on rents. - FY2020Monitoring the impact of the infectious disease on real estate rentsAnnual report
「On the other hand, in the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain elevated, although it is necessary to monitor the impact that the infectious disease may have on real estate rents going forward.」
Uncertainty regarding the future impact of the infectious disease on real estate rents was added to the market assessment that rents remain elevated and stable. - FY2020-Q3RestatedAnnual report
「In addition, in the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain elevated and stable, while demand continues to be strong.」
Commercial real estate rents in the major Tokyo areas remain elevated and stable, and strong demand conditions continue. - FY2020-Q2RestatedAnnual report
「In addition, in the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain high and stable, while demand continues to be strong.」
The market environment in which commercial real estate rents remain high and stable and demand in the major Tokyo areas is strong continues. - FY2020-Q1RestatedAnnual report
「In addition, in the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain high and stable, while demand continues to be strong.」
The market environment in which commercial real estate rents in the major Tokyo areas remain high and stable continues. - FY2019RestatedAnnual report
「Regarding real estate market conditions, although commercial real estate rents in the major Tokyo areas where we operate have remained elevated, demand continues to be strong.」
Commercial real estate rents in the major Tokyo areas remain elevated, and the assessment that demand conditions are strong continues. - FY2019-Q3Change from rents remaining elevated to stableAnnual report
「In addition, in the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain elevated and stable, while demand continues to be strong.」
The description changed from rents continuing to rise through the previous quarter to rents remaining elevated and stable. - FY2019-Q1Commercial real estate rents continue to riseAnnual report
「Commercial real estate rents in the major Tokyo areas where we operate continue to rise, while demand remains strong.」
The description changed from rents remaining elevated and flat to rents continuing to rise. - FY2018RestatedAnnual report
「Although commercial real estate rents in the major Tokyo areas where we operate remain elevated, demand continues to be strong.」
Commercial real estate rents remain elevated, and demand conditions in the major Tokyo areas continue to be strong. - FY2018-Q3RestatedAnnual report
「In the real estate market, commercial real estate rents in the major Tokyo areas where the Company operates remain elevated, while demand for street-level retail properties exceeds supply because of their scarcity, and the market continues to perform well.」
Commercial real estate rents remain elevated, and the market continues to be characterized by a shortage of street-front retail properties and excess demand. - FY2018-Q2First statedAnnual report
「Although commercial real estate rents in Tokyo's major areas remained flat, the supply of vacant stores on the first floors remained limited and continued to show signs of staying elevated.」
Although commercial real estate rents are flat, the market environment indicates that the supply of vacant ground-floor retail units is limited and rents remain elevated.