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Retail

Japan Retail - October 2021

"The pandemic has predictably taken its toll on the retail sector and vacancy rates are still elevated across all markets as a result. The F&B industry has borne the brunt, and its struggles are likely to linger, possibly lowering the NOI of retail properties in the medium term. Against this backdrop, however, the high rate of vaccinations, plunging COVID-19 cases, strong pent-up demand, and excess savings spark hope for a recovery."

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