Tokyo Retail Market Dynamics Q1 2025

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JonesLangLaSalleK.K.

Tokyo Headquarters

KioiTower, Tokyo Garden TerraceKioicho

1-3Kioi-cho Chiyoda-ku, Tokyo 102-0094

+81343611800

Formoreinformation,pleasecontact

NaokoIwanaga

Senior Director

Research-Japan naoko.iwanaga@jll.com

COPYRIGHT ©JONESLANGLASALLEIP,INC.2025

Kansai

Nippon Life

Yodoyabashi Building

3-5-29KitahamaChuo-ku, Osaka541-0041

+81676628400

TokyoRetail MarketDynamics Q12025

Fukuoka

FukuokaDaimyoGardenCity 2-6-50Daimyo, Chuo-ku,Fukuoka-shi

Fukuoka810-0041

+81922336801

Nagoya

JPTowerNagoya 1-1-1Meieki, Nakamura-ku,Nagoya-shi

Aichi450-6321

+81528563357

Thisreporthasbeenpreparedsolelyforinformationpurposesanddoesnotnecessarilypurporttobeacompleteanalysisofthetopicsdiscussed,whichareinherentlyunpredictable. It has been based on sources we believe to be reliable, but we have not independently verified those sources and we do not guarantee that the information in the report is accurate or complete. Any views expressed in the report reflect our judgment at this date and are subject to change without notice. Statements that are forward-looking involve known and unknown risks and uncertainties that may cause future realities to be materially different from those implied by such forward-looking statements Advice we give to clients in particularsituationsmaydifferfromtheviewsexpressed inthisreport. Noinvestment orotherbusinessdecisions shouldbemade basedsolelyontheviewsexpressed inthisreport.

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