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%.