Forecast: Sales in Real Estate and Goods Rental and Leasing in Japan

The real estate and goods rental and leasing sales in Japan experienced fluctuations from 2013 to 2023, growing to 49.899 trillion yen in 2023. The last two years saw a steady increase with a year-on-year growth of 5.86% in 2022 and 0.56% in 2023. The compound annual growth rate (CAGR) for the past five years hovered around 0.59%, indicating modest but stable growth. Looking ahead, the forecasted CAGR until 2028 is 0.46%, suggesting a steady rise in sales to 51.197 trillion yen in 2028.

Future trends to monitor include:

• Digital transformation and its impact on the real estate and rental sectors.
• Economic policies affecting consumer spending and business investments.
• Socio-demographic changes influencing housing and rental demands.