CBRE: All grade office rents for Saitama to rise by 6% over two years to 4Q17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate on all grade office space in Saitama is expected to fall by 1.1 percentage points to around 2.5%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 5%, and ranged between 2% and 9%. CBRE is looking for rents on all grade office space in Saitama to rise by 6% over the two years to 4Q17.
Source : CBRE/December 2015/Saitama/OFF