Office vacancy rates in August - Miki Shoji

Ark Hills South TowerAccording to Miki Shoji, the office vacancy rate in Tokyo's 5 central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya was 8.16% in August, down 0.13 points from the previous month.  Vacancy rates decreased in four of the five districts.

The vacancy rate in new buildings was 17.93%, up 5.21 points from the previous month. Read more

by Zoe Ward

Office vacancy rates in June - Miki Shoji

According to Miki Shoji's Office Report for the month of June 2013, the vacancy rate in Tokyo's 5 central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) was 8.46%, up 0.13 points from last month but down 0.97 points from June 2012. This is the first time in four months that vacancy rates have increased.

The vacancy rate in new buildings was 11.60%, up 0.50 points from last month.Read more

by Zoe Ward

Office vacancy rates in May - Miki Shoji

Miki Shoji released their Office Report for the month of May 2013. Vacancy rates in Tokyo's central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) dropped by 0.21 points from last month to 8.33%. This is the third month in a row where vacancy rates have reduced.

The vacancy rate in new buildings was 11.10%, down 6.21 points from last month. Three office buildings were completed in Tokyo in May: Kyobashi East Building, Sumitomo Shoji Kyobashi Building and PMO Yaesu Dori.Read more

by Zoe Ward

Office vacancy rates in March - Miki Shoji

According to Miki Shoji's Office Report for March 2013, the vacancy rate in Tokyo's central business districts of Chiyoda, Chuo, Minato, Shinjuku and Shibuya dropped by 0.01 points to 8.56%.

In Chiyoda-ku, the vacancy rate dropped 0.07 points to 6.59% as tenants began to move into recently completed Ochanomizu Sola City and existing buildings saw tenants combine their business operations in one space. Read more

by Zoe Ward

Office vacancy rates in February - Miki Shoji

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.Read more

by Zoe Ward

Office vacancy rates down for second month

According to Miki Shoji, office building vacancy rates in Tokyo's central 5 wards (Chiyoda, Chuo, Minato, Shinjuku, and Shibuya) fell 0.11 points at the end of March to 9.04%. This is the second continuous month where vacancy rates have fallen. However, the lower vacancy rates are not a sign of a market recovery but are due to falling office rents.Read more

by Zoe Ward

Office vacancy rates fall slightly

According to Miki Shoji, the average vacancy rate for office buildings in Tokyo's five central wards fell to 9.15% in February 2012 (down 0.08 points from January).Read more

by Zoe Ward