CBRE: Grade A office rents for Tokyo to rise by nearly 10% 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 Tokyo is expected to fall by about 1.5 percentage points to around 2.7%. Between 4Q05 and 3Q15, the historical average vacancy rate was around 5%, and ranged between 1% and 7%. CBRE is looking for rents on Grade A office space in Tokyo to rise by nearly 10% over the two years to 4Q17.
Source : CBRE/December 2015/Tokyo/OFF