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Tokyo Office Market Update - February 2018

Japan financial and exchange markets tumble as US government bond yields rise

The Nikkei 225 averaged JPY 22,682.08 on 5 February, sliding JPY 592.45 compared with the previous business day. This was in reaction to the US stock fall, with the Dow Jones Industrial Average dropping . . .

Grade A office vacancy rate continues to hover at 2% levels

The vacancy rate stood at 2.5 per cent at end-January, flat m-o-m, rising 60 bps y-o-y and hovering at 2% level lows for the fourth consecutive month. Overall vacancies remained flat although major absorption was . . .

Grade A office rents continue to grow modestly supported by Nihonbashi

Rents in the Grade A office market in Tokyo averaged JPY36,771 per tsuboper month at end-January, increasing 0.1 per cent m-o-m and 1.5 per cent y-o-y. Modest rent growth was supported by stronger . . .

Taiyo Life Insurance NihonbashiBuilding enters market

Taiyo Life Insurance NihonbashiBuilding completed in January. The super high-rise office-led building with 27 storeysabove ground and a GFA of 60,000 sqmoffers office NLA of 22,000 sqm, with a typical floor . . .

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