Initial cost of renting a store in the 23 wards of Tokyo
When opening a store in the 23 wards of Tokyo, initial costs vary greatly depending on the location, type of property, and size. In general, initial expenses include rent deposit (shikikin), key money, broker’s commission, advance rent, insurance, store interior and equipment investment, etc. These costs vary depending on the area and the condition of the property, and tend to be particularly high in popular areas.
For example, opening a store in a prestigious business district such as Chuo-ku or Minato-ku often requires a high initial investment. On the other hand, in residential areas such as Adachi and Katsushika wards, it is possible to set up store at relatively reasonable prices. On the other hand, in downtown areas such as Shinjuku and Shibuya wards, rents are higher due to the large number of people who visit these areas, but these areas are superior in attracting customers.
As an example of specific initial costs, in Shinjuku City, rents can be expected to range from an average of about 90,000 yen for a one-room store to about 180,000 yen for a 1LDK. In addition to this, a security deposit and key money will be required. In some areas, there are properties that do not require a security deposit or key money, making it possible to reduce the initial cost. There are also properties that offer a rent-free period, which may reduce the initial burden of opening a business.
In addition to these initial costs, monthly operating expenses should also be taken into consideration when renting a store. In addition to rent, operating expenses include utilities, labor, and product purchasing costs. Therefore, before renting a store, it is important to make an adequate financial plan and consider a long-term business plan.
If you are considering opening a store in the 23 wards of Tokyo, we recommend that you consult with a real estate agent or specialist regarding the rent market rates for each area and ways to reduce initial costs in order to select the most suitable property. In addition, since there is a lot of information available on the Internet, it is also effective to gather information in advance and compare various properties.
This article outlines the initial costs associated with opening a store in the 23 wards of Tokyo, but for detailed information and the most up-to-date market prices, we recommend consulting with experts and actual property information. Opening a store is a big step. To ensure a smooth path to success, adequate preparation and information gathering are essential. Find the perfect storefront for your business and move forward to realize your dreams.