The rise in vacancy rates is supposedly caused by tenants relocating to newly constructed buildings and office space contract terminations due to the post-covid changes in the work field.
Asking rent’ average showed a slight decline, going down 26 yen and cur is 28,212 yen. Although there are many options available for tenants, the pace of decline in asking rents average has slowed.
Vacancy rates in the six largest cities of Japan were as follows: 4.4% in Tokyo's 23 wards (up 0.2%), 1.3% in Sapporo (up by 0.1%), 3.3% in Sendai (down by 0.4%), 4.8% in Nagoya (down 0.4%), 4.3% in Osaka (up by 0.1%), and 2.9% in Fukuoka (remained the same).
Are you thinking of moving Tokyo in the near future? If so, January might be the perfect time for you! Here are a few reasons why:
ITOCHU Property Development, Ltd. announced the opening of model rooms for the new Crevia Shin-Okachimachi condominium located in Taito ward, Tokyo.