Office vacancy rates continue to rise in central Tokyo.
With the spread of telework following the spread of the new coronavirus infection, companies are consolidating their offices one after another, and the vacancy rate rose to 5.9% last month for the 15th consecutive month.
Miki Shoji, a major office broker, surveys the vacancy rate and rent of office buildings with an area of 100 tsubo or more every month.
According to this, the vacancy rate of office buildings in five wards of central Tokyo such as Chiyoda Ward and Minato Ward was 5.9% on average, up 0.25 points from the previous month.
This is due to the spread of telework due to the spread of the new coronavirus infection, and the movement to consolidate offices among companies is occurring one after another, and the vacancy rate will increase for the 15th consecutive month.
As demand for offices is declining, the vacancy rate of these new buildings has continued to rise within a year, reaching a high level of 8.97% last month.
Looking at the breakdown, Minato Ward was 7.55%, Shinjuku Ward was 6.47%, Shibuya Ward was 6.02%, Chuo Ward was 5.02%, and Chiyoda Ward was 4.42%, up from the previous month in all districts.
In addition, the average rent per tsubo was 21,249 yen, falling below the previous month for 10 consecutive months.