The vacancy rate of offices in central Tokyo in November was more than 6%, falling below the previous month for the first time in 21 months.
Vacancy rates remain high due to multiple large contracts in November.
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 average vacancy rate in November of about 2600 buildings in 5 wards of central Tokyo, such as Chiyoda Ward and Minato Ward, was 6.35%, down 0.12 points from the previous month.
This is due to the movement of companies to significantly increase the floor area of offices due to business expansion, etc., and the vacancy rate fell below the previous month for the first time in 21 months.
However, with the spread of telework, companies continue to cancel their offices, and the vacancy rate is still at a high level.
The breakdown is
▽ Minato Ward 8.54%
▽ Shinjuku Ward 6.13%
▽ Chuo Ward 5.74%
▽ Shibuya Ward 5.41%
▽ Chiyoda Ward 4.78%.
Rents have fallen for 16 consecutive months, and the average rent per tsubo was 20,686 yen, a decrease of 1,500 yen compared to the same month of the previous year.