CBRE releases preliminary May 2012 data on vacancy rates and average rents in three major Japanese cities
Across Tokyo’s 23 wards, the vacancy rate increased 0.1 points to 7.7%, Osaka saw a decrease of 0.1 points to 9.8%, and Nagoya saw a decrease of 0.1 points to 11.7%. With regards to Grade A vacancies, Tokyo increased 1.9 points to 10.6%, Osaka saw a decrease of 0.1 points to 10.5%, Nagoya was flat at 2.1%. For further details on each city, please refer to the following graphs.
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