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Tokyo Office Leasing Briefing - Q3 2019
09 October 2019

Office vacancy remains extremely low and average C5W rents continue to increase, even as macro headwinds are rising. The overall outlook forrent and vacancy is still positive. However, pricier buildings in less popular areas are having some difficulty filling out space, which could indicate that macro prospects may have started to weigh on the market.

 

Research search results: 50 found

 
Tokyo Office Leasing Briefing - Q2 2019

Tokyo Office Leasing Briefing - Q2 2019

03 July 2019

Vacancy remains extremely low as tenants compete for limited available space, and average rents continue to march higher. Rental growth is most pronounced in offices with larger floorplates, which are ideal for workplace consolidations and inter-departmental collaboration.

 
 
 
Tokyo Office Supply 2019

Tokyo Office Supply 2019

19 June 2019

Despite high levels of supply expected for 2020, the Tokyo Olympics year, a strong tailwind of demand looks set to keep vacancy tight. Large-scale development projects are changing market dynamics, especially in Shibuya and Toranomon. As long as economic conditions remain favourable, Tokyo's office market could extend the current growth momentum.

 
 
 
Tokyo Office Leasing Briefing - Q1 2019

Tokyo Office Leasing Briefing - Q1 2019

10 April 2019

Average rents across the C5W have continued to push higher in Q1/2019, with Shibuya seeing particularly strong YoY growth. As the volume of supply abates somewhat this year, and pre-leasing is strong, rental growth seems likely to continue through 2019.

 
 
 
Regional Japanese Office Markets - April 2019

Regional Japanese Office Markets - April 2019

10 April 2019

Regional office markets continue to perform well and are attracting more attention from investors. As expected, low tenant turnover has cooled overall rental growth in some top submarkets, though other areas are gaining ground.

 
 
 
Tokyo Office Leasing Briefing - Q4 2018

Tokyo Office Leasing Briefing - Q4 2018

15 January 2019

The Tokyo office market has outperformed expectations in 2018 as rents have risen strongly and vacancy has continued to mark record lows. The outlook for property in 2019 is positive, though the macroeconomic environment is uncertain.

 
 
 
Regional Japanese Office Markets - November 2018

Regional Japanese Office Markets - November 2018

09 November 2018

Rental growth in regional office markets is strong as limited supply keeps vacancy rates tight and landlords are becoming more aggressive in negotiation. Rents are likely to continue to increase, but growth may slow as extremely low availability is limiting relocations.

 
 
 
Tokyo Office Leasing Briefing - Q3 2018

Tokyo Office Leasing Briefing - Q3 2018

11 October 2018

A historically large volume of supply has been well absorbed so far in 2018, and pre-leasing for 2019 is progressing strongly. Fundamentals are solid, supporting the Tokyo office market as rental growth continues.

 
 
 
Tokyo Office 2H 2018

Tokyo Office 2H 2018

27 September 2018

As the Japanese economy has grown, large-scale Grade B office metrics in the central five wards have improved. A strong economy, with growing corporate profits and fierce competition for talent, is buffeting rents as tenants chase increasingly scarce office space.

 
 
 
Tokyo Office Leasing Briefing - Q2 2018

Tokyo Office Leasing Briefing - Q2 2018

06 July 2018

Tokyo office rents continue to rise while vacancy remains airtight. As demand fundamentals maintain their strength, these trends should persist until tertiary vacancy begins to weigh on the market.

 
 
 
Regional Japanese Office Markets - June 2018

Regional Japanese Office Markets - June 2018

28 June 2018

High-grade offices in major regional cities have seen a spike in rents while average all-grade rents have risen for all markets surveyed. All-grade vacancy in every surveyed city has fallen to levels not seen since the early 1990s. In the absence of an external shock, these trends are likely to continue.

 
 
 

Key contacts

Tetsuya Kaneko

Tetsuya Kaneko

Director / Head of Department
Research & Consultancy

Savills Japan

+81 3 6777 5192

 

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