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

In 2023, sales in Japan's individual proprietorship real estate and goods rental and leasing sector stood at 1.040 trillion yen. By 2024, this figure is expected to decline to 1.0152 trillion yen, marking a slight decrease of approximately 2.39% year-on-year. This downward trend continues over the subsequent years, with projected sales of 0.98969 trillion yen in 2025, 0.96473 trillion yen in 2026, 0.94028 trillion yen in 2027, and 0.91631 trillion yen by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decrease of approximately 2.54%.

Future trends to watch for include:

• Potential impacts of economic recovery or decline on rental demand.
• Technological advancements affecting property management efficiencies.
• Environmental regulations and their influence on leasing practices.