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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