Tokyo, December 8, 2016 - CBRE today released its preliminary November 2016 data on office vacancy rates and average assumed achievable rents in Japan’s three major cities: Tokyo, Osaka, and Nagoya.
In November 2016, the Grade A office vacancy rate in Tokyo was down 0.1 points month-over-month (m-o-m) to 3.2%. Meanwhile, Osaka Grade A vacancy rate was down 0.6 point to 2.9%, and the Nagoya Grade A vacancy rate was up 1.0 point to 3.6%. Assumed Achievable Rents for Tokyo Grade A buildings were flat m-o-m, Osaka Grade A rents were flat 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% m-o-m to 2.4%, Osaka was down 0.2points m-o-m at 3.8%, and Nagoya was down 0.1 points m-o-m to 3.8%. For further details on each city, please refer to the following tables and charts.
Survey Outline
□ Vacancy Rate |
Vacancy is based on the data that was available at the time of compiling the survey |
□ Assumed Achievable Rent |
Assumed achievable rent is based on sample surveys of the applicable buildings |
□ Definitions of Grades |
■ Grade A |
CBRE’s next press release on the office market is scheduled for January 19, 2017.
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