Tokyo Office Rents Uptick in February

Tokyo Office Rents Uptick in February

Commercial News » Tokyo Edition | By Miho Favela | March 5, 2015 8:17 AM ET

According to CBRE, Grade A office vacancy rates in Tokyo increased 1.5 points month-over-month to 5.3% in February 2015, while Osaka's Grade A vacancy rate was flat at 7.8% and Nagoya's Grade A vacancy rate was flat at 2.8%.

 Assumed Achievable Rents for Tokyo's Grade A buildings were up 0.2% month-over-month, while Osaka's Grade A rents were down 0.3% month-over-month, and Nagoya's Grade A rents were up 0.2% month-over-month.

With regard to all-grade vacancy rates, Tokyo's 23 wards increased 0.3 points month-over-month to 4.1%, while Osaka was flat month-over-month at 6.2%, and Nagoya was down 0.3 points month-over-month to 5.2%.


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