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Tokyo rents and vacancies rise
Tokyo rents and vacancies rise
Tokyo office rents rose both YoY and MoM but vacancy increased for the fifth straight month to 2.77%. By area, Minato saw the largest vacancy increase (to 3.52% from 2.33%) and Chiyoda saw the smallest increase (from 1.39% to 1.93%). Inside we provide additional details by area and comment on investment implications (for Tokyu Fudosan, Mitsubishi Estate, and Sumitomo Realty).
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He shares his insights on how Asia’s real estate players can maintain profitability whilst navigating intersecting industry pressures.
