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Tokyo Office Vacancy Rate Dips to 2.7 Percent, Lowest Since 2008

Tokyo Office Vacancy Rate Dips to 2.7 Percent, Lowest Since 2008


According to CBRE, Tokyo's office market inventory has further tightened in February, while both Osaka and Nagoya markets uptick slightly.
 
In February 2016, Grade A office vacancy rate in Tokyo was down 0.1 points month-over-month (m-o-m) to 3.0%. The Osaka Grade A vacancy rate was up 0.1 points to 4.8%, and the Nagoya Grade A vacancy rate was up 0.1 points to 3.7%. For assumed Achievable Rents, Tokyo Grade A buildings were up 0.4% m-o-m, and Osaka and Nagoya Grade A rents were both flat m-o-m.
 
With regard to All-Grade office vacancy rates, Tokyo's 23 wards were down 0.2 points m-o-m to 2.7%, Osaka was down 0.1 points m-o-m at 5.3%, and Nagoya was up 0.1 points m-o-m to 4.3%.

Tokyo-Office-Market-(February-2016).png
Osaka-Office-Market-(February-2016).pngNagoya-Office-Market-(February-2016).png


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