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  • Tokyo Grade A Vacancy Rate Continues To Rise Marginally

Tokyo Grade A Vacancy Rate Continues To Rise Marginally

March 8, 2018
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Tokyo, March 8, 2018 - CBRE today released its preliminary February 2018 data on office vacancy rates and average assumed achievable rents in Japan’s three major cities: Tokyo, Osaka, and Nagoya.

In February 2018, the Grade A office vacancy rate in Tokyo was up 0.1 points month-over-month (m-o-m) to 2.4%, the Osaka Grade A vacancy rate was down 0.2 points m-o-m to 0.1%, and the Nagoya Grade A vacancy rate was down 0.1 points m-o-m to 1.9%. Assumed Achievable Rents for Tokyo Grade A buildings remained flat m-o-m, Osaka Grade A rents were up 1.4% m-o-m, and Nagoya Grade A rents were up 0.8% m-o-m.

With regards to All-Grade vacancy rate, Tokyo's 23 wards were down 0.1 points m-o-m to 1.4%, Osaka was down 0.1 points m-o-m to 2.0%, and Nagoya was down 0.1 points m-o-m to 2.1%.

For further details on each city, please refer to the following tables and charts.

■ Grade A Vacancy Rate

Source: CBRE

■ Grade A Assumed Achievable Rent

Source: CBRE

■ Grade A-Minus Vacancy Rate

Source: CBRE

■ Grade B Vacancy Rate

Source: CBRE

■ All-Grade Vacancy Rate

Source: CBRE

■ Tokyo

Source: CBRE

■ Osaka

Source: CBRE

■ Nagoya

Source: CBRE

Survey Outline

CBRE’s next press release on the office market is scheduled for April 18, 2018.

ABOUT CBRE GROUP, INC.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Please visit our global website at www.cbre.com or our Japan office website at www.cbre.co.jp/en.
Official Twitter account for Japan: @cbrejapan

DISCLAIMER

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

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