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Retail

Japan Retail - October 2024

"Prospects for the retail sector look strong, with vacancies generally on a declining trend, and strong rental growth observed in prime areas. Inbound tourists continue to play an important role in shaping the market, especially for luxury and high-end retail. That said, non-prime areas have not seen similar levels of success, and vacancies in such areas are visible. On another note, the strong performance of high-end retail has spread to tourist hotspots, which could be areas with great potential for future growth."

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