In October the Grade A office vacancy rate in Tokyo was down 0.6 points month-over-month (m-o-m) to 4.2%, the Osaka Grade A vacancy rate was down 0.3 points to 7.9%, and the Nagoya Grade A vacancy rate increased 0.2 points to 2.6%. Assumed Achievable Rents for Tokyo Grade A buildings were up 0.6% m-o-m, the Osaka Grade A rents were up 0.3% m-o-m, and Nagoya Grade A rents were up 0.2% m-o-m.
With regard to all-grade vacancy rates, Tokyo’s 23 wards were down 0.1 points month-over-month（m-o-m） to 4.3%, Osaka saw a decrease of 0.3 points m-o-m to 6.5%, and Nagoya saw a decrease of 0.2 points m-o-m to 6.0%. For further details on each city, please refer to the following tables and charts.
Tokyo
Osaka
Nagoya
CBRE’s next press release on the office market is planned for Wednesday December 10.
Download a PDF version of the press release here.
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