CBRE: Grade A office rents for Nagoya to rise by about 3% over two years to 4Q17
In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate on Grade A office space in Nagoya is expected to fall by about 1.6 percentage points to around 3.5%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 7.5%, and ranged between 4% and 15%. CBRE is looking for rents on Grade A office space in Nagoya to rise by about 3% over the two years to 4Q17.
Source : CBRE/December 2015/Nagoya/OFF