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.

 

 

About CBRE Group, Inc.* CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.*As of October 3, 2011 the corporate group name was officially changed from “CB Richard Ellis Group, Inc.” to “CBRE Group, Inc.”. Accordingly, the registered corporate name of CB Richard Ellis K.K. in Japan has also changed to CBRE K.K., effective January 1, 2012. DISCLAIMER: Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

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