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The vacancy rate stood at 4.2% at end-3Q17, increasing 100 bps q-o-q and decreasing 380 bps y-o-y. This rise, the first in four quarters, was due to available space in the new completions. In the Bay area vacancy was recorded at 1.6%, a decline of 10 bps q-o-q and 260 bps y-o-y; whereas in Tokyo Inland it reached . . .
Capital values continued to grow, albeit at a slower pace than in 2Q17. Logistics assets continue to attract investors, in particular relatively new players that traditionally invest in office space. A notable transaction in the quarter was Japan Logistics Fund’s acquisition of Yokohama Machida Logistics Centre for JPY . . .
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01 November 2017