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  • Tokyo Grade A Vacancy Rate Unchanged Despite Four New Completions

Tokyo Grade A Vacancy Rate Unchanged Despite Four New Completions

Tokyo | September 10, 2018
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CBRE today released its preliminary August 2018 data on office vacancy rates and average assumed achievable rents in Japan’s three major cities: Tokyo, Osaka, and Nagoya.

In August 2018, the Tokyo Grade A office vacancy rate was flat month-over-month (m-o-m) at 1.2% despite four new completions; the Osaka Grade A vacancy rate fell 0.1 points m-o-m to 0.1%; and the Nagoya Grade A vacancy rate fell 0.2 points m-o-m to 0.3%. Assumed achievable rents for Grade A buildings increased in Tokyo, Osaka, and Nagoya, at 0.1%, 0.6%, and 0.6% m-o-m respectively.

With regards to the All-Grade vacancy rate, Tokyo's 23 wards remained flat m-o-m at 1.0%, Osaka remained flat m-o-m at 1.7%, and Nagoya fell 0.1 points m-o-m to 1.2%.

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

■ Grade A Vacancy Rate
jp-office-monthly-2018-08-EN-01
Source: CBRE

■ Grade A Assumed Achievable Rent
jp-office-monthly-2018-08-EN-02
Source: CBRE

■ Grade A-Minus Vacancy Rate
jp-office-monthly-2018-08-EN-03
Source: CBRE

■ Grade B Vacancy Rate
jp-office-monthly-2018-08-EN-04
Source: CBRE

■ All-Grade Vacancy Rate
jp-office-monthly-2018-08-EN-05
Source: CBRE

■ Tokyo
jp-office-monthly-2018-08-EN-06
Source: CBRE

■ Osaka
jp-office-monthly-2018-08-EN-07
Source: CBRE

■ Nagoya
jp-office-monthly-2018-08-EN-08
Source: CBRE

Survey Outline
jp-office-monthly-2018-08-EN-09

CBRE’s next press release on the office market is scheduled for October 23, 2018.

Download this news release in PDF format

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 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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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