tokyo office rents
Tokyo office vacancy rate hits 4% for the first time since 2013
Tokyo office vacancy rate hits 4% for the first time since 2013
This reflects an increase of 80bps q-o-q.
Learn more about the diverging trends emerging in Tokyo’s Grade A office market
In Q3, the vacancy rate increased to 4.1% whilst rents decreased by 13.2%.
What does recovery look like for Tokyo’s office submarkets?
Savills says submarkets that saw larger corrections will continue to have hard times ahead.
Tokyo office vacancy rate rises for the first time in two quarters
It increased 40bps to 3.4% in Q2.
Shinjuku records the largest annual office rent decline in Tokyo
Rents declined 3.3% in Q2.
Tokyo office rental decline to reach an equilibrium soon: Savills
Grade A office rents declined 1.4% in Q2.
Tokyo office rents continue downward streak for eight consecutive quarter
Rents slipped 1.2% in Q1 2022.
Tokyo office rents still on a downtrend for nearly two years now
Office rents declined for the seventh consecutive quarter in 4Q21.
What to expect from Tokyo’s office property market this year
Most office layouts are being transformed to accommodate hybrid working.
Tokyo office vacancy to rise significantly in 2023
Blame it on oversupply and underwhelming demand.
Tokyo office vacancy rate hits a record 3.1% in Q3
This is the first time the vacancy rate exceeded 3% since 2017.
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