In 2023, the number of persons working at the location of establishments in real estate lessors and managers in Japan stood at approximately 641,000. Forecasts for 2024 through 2028 indicate a gradual decline in workforce numbers, starting from 640.51 thousand in 2024 to 638.07 thousand by 2028. This represents an average year-on-year decrease, highlighting a subtle but consistent downward trend across the forecasted period. Despite the minimal annual declines, the 5-year compound annual growth rate (CAGR) reflects a steady reduction in employment figures.
Future trends to watch include technological advancements, demographic shifts, and potential government policies tailored to subvert employment declines. It will be crucial to assess how these factors could stabilize or potentially reverse the workforce trend in the real estate sector.
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