The number of persons working at establishments in the Real Estate and Goods Rental and Leasing sector in Japan with fewer than 10 individuals is forecasted to decrease from 698,110 in 2024 to 661,880 by 2028. The sector shows an annual decline of approximately 1.5% from 2024 to 2028, suggesting a shrinking workforce trend in smaller establishments. This trend may reflect broader economic challenges, automation, or evolving business models reducing the demand for human labor in this segment.
Future trends to watch for include:
- Technological advancements potentially reducing workforce requirements further.
- Shifts in consumer preferences impacting demand for rental and leasing services.
- Regulatory changes or economic policies affecting the real estate and rental industry dynamics.
- Market entry of new players or expansion of existing small firms adapting to changes.
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