CBRE: prime office occupancy costs in Tokyo rise by 8.9% in year to September 2015
In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that Tokyo’s Marunouchi/ Otemachi sub-market was in 11th position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in that sub-market increased by 8.9%. With September 2015 occupancy costs of US$149.04 per square foot per annum, Tokyo’s Marounouchi/ Otemachi sub-market was by that measure the 7th most expensive centre overall.
Source : CBRE/ February 2016/Tokyo/OFF