Grade A Vacancies Increase Slightly in Tokyo, While Osaka and Nagoya Remained Largely Flat
In April, the Grade A office vacancy rate in Tokyo increased 1.1 points month-over-month to 6.2%, the Osaka Grade A vacancy rate was down 0.4 points to 6.8%, and the Nagoya Grade A vacancy rate was down 0.7 points to 2.1%. Assumed Achievable Rents for Tokyo Grade A buildings were up 1.1% month-over-month, the Osaka Grade A rents were flat m-o-m, and Nagoya Grade A rents were flat m-o-m.
With regard to all-grade vacancy rates, Tokyo's 23 wards increased 0.2 points m-o-m to 4.1%, Osaka was flat m-o-m at 6.3%, and Nagoya was down 0.3 points m-o-m to 4.9%. For further details on each city, please refer to the following tables and charts.
CBRE’s next press release on the office market is planned for Tuesday June 9, 2015.
Download PDF
Press ReleaseAbout CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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.