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Tokyo Office Market Update - October 2017

Japan’s corporate sentiment rises to 10-year high; risks remain due to labour shortages

According to the Tankan Survey in September, business sentiment indicated by large manufacturers was 22, increasing five points from the previous survey in June. Having improved . . .

Grade A office vacancy rate rises to 3%; rents continue to moderate

The vacancy rate stood at 3.0% at end-3Q17, increasing 10 bps m-o-m and 160 bps y-o-y. This was an increase for the fourth consecutive quarter, with the rise of 3% observed for . . .

Grade B office vacancy rate continues to hover below 3%; rental growth moderates

The vacancy rate stood at 2.2% at end-3Q17, decreasing 30 bps m-o-m and increasing 20 bps y-o-y. The figure decreased for the second consecutive quarter, reflecting absorption in . . .

Akasaka Intercity Air and Jingumae Tower Building enters market in 3Q17

With the completion of Akasaka Intercity Air (NLA 82,000 sqm) and Jingumae Tower Building (NLA 22,000 sqm), new supply totalled 103,000 sqm in 3Q17, increasing stock by . . .

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