TOKYO -- Rental rates are going up in Osaka's business district as retailers open more stores to accommodate an influx of foreign visitors.
The estimated June contract rate for 200 sq. meters of floor space on the first floor of a building in the Shinsaibashi area in central Osaka was 300,000 yen ($2,900) per 3.3 sq. meters, according to real estate services company CBRE. That represents a 25% increase from three months earlier and a 50% jump from the prior year.
