JLL: Grade A office vacancy rate in Tokyo of 3.3%, with supply pipeline of 10.5% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Tokyo was 3.3%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 10.5%. Over the last year, rents have risen by 6.8% and capital values have increased by 20.6%. Prime yields in 2Q15 were 3.1%.
Source : August 2015/JLL/Tokyo/OFF