In its recently published 2016 Japan Outlook, CBRE Research noted that the vacancy rate for Large Multi-tenant Logistics Facilities (LMTs) in Tokyo’s Gaikando was virtually 0% in 2H15. There has been, and is not expected to be, new supply. Vacancy rates are expected to remain low in spite of the fairly high rents, given the area’s proximity to central Tokyo.

Source : CBRE/December 2015/Tokyo/IND