Tokyo, June 6, 2016 - CBRE released today its preliminary May 2016 data on office vacancy rates and average assumed achievable rents in three Japanese cities: Tokyo, Osaka, and Nagoya.
In May 2016 the Grade A office vacancy rate in Tokyo was down 0.4 points month-over-month (m-o-m) to 2.2%. Meanwhile, Osaka Grade A vacancy rate was down 0.1 points to 4.6%, and the Nagoya Grade A vacancy rate was down 0.1 points to 3.1%. Assumed Achievable Rents for Tokyo Grade A buildings were up 0.4% m-o-m, the Osaka Grade A rents were down 0.2% m-o-m, and the Nagoya Grade A rents were down 0.2% m-o-m.
With regard to All-Grade vacancy rates, Tokyo's 23 wards were down 0.1 points m-o-m to 2.6%, Osaka was flat m-o-m at 4.8%, and Nagoya was flat m-o-m to 4.2%. For further details on each city, please refer to the following tables and charts.
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CBRE’s next press release on the office market is planned for July, 20th, 2016.
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