According to Miki Shoji's Tokyo Office Report, the average office vacancy rate in Tokyo's central five wards (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) in February was 8.57% - up 0.01 points from the previous month but 0.58 points lower than February 2012.
Three new office buildings were completed in February, but due to their relatively high occupancy rates the new supply had only a minor effect on the total vacancy rate.
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