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  • Tokyo Grade A Office Vacancy Rates Increase 1.5 Points in February

Tokyo Grade A Office Vacancy Rates Increase 1.5 Points in February

March 5, 2015
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CBRE Releases Preliminary February 2015 Data on Office Vacancy Rates and Average Rents in Three Major Japanese Markets

March 5th, 2015 - In February, the Grade A office vacancy rate in Tokyo increased 1.5 points month-over-month to 5.3%, the Osaka Grade A vacancy rate was flat at 7.8%, and the Nagoya Grade A vacancy rate was flat at 2.8%.  Assumed Achievable Rents for Tokyo Grade A buildings were up 0.2% month-over-month, the Osaka Grade A rents were down 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 increased 0.3 points m-o-m to 4.1%, Osaka was flat m-o-m at 6.2%, and Nagoya was down 0.3 points m-o-m to 5.2%. 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 April 21, 2015.​

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About CBRE Gro​up, 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.

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