Sapporo’s office vacancy rate is on the rise
The office vacancy rate in Sapporo’s business district has recently hit an eight-year high. According to Miki Shoji, the vacancy rate was 4.08% in September 2024, up 1.22 points from last year. In existing buildings, the vacancy rate was 2.94%, and in brand-new office buildings it was 49.37%.Read more
PM companies leaving Hokkaido amid Sapporo office market slump
Several real estate property management companies have begun to close down their offices in Sapporo, Hokkaido, as the local commercial market continues to decline.Read more