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Tokyo Office Market Update - December 2017

Japan’s real GDP grows seven successive quarters–the longest span since 2001

Japan’s Real GDP grew 2.5% q-o-q (SAAR) in 3Q17, registering growth for the seventh successive quarter; the longest span since 2001. Growth was driven . . .

Grade A office vacancy rate decreases for the second consecutive month

The vacancy rate in the Grade A office market stood at 2.3% at end-November, decreasing 60 bps m-o-m and increasing 110 bps y-o-y. This was a decrease for . . .

Grade A rentalgrowth sustained with moderate growth in Shinjuku

Rents in the Grade A office market in Tokyo averaged JPY 36,663 per tsuboper monthat end-November, increasing 0.1% m-o-m and 1.9% y-o-y. Growth though modest . . .

TokyuLand to redevelop KudanKaikanin Chiyoda-ku

TokyuLand has successfully bid for the competitive tender offered by the Kanto Local Finance Bureau for KudanKaikanand its site. The majority of the site is . . .

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