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Office & Business Space

Tokyo Office Leasing Q2/2023

"The Tokyo office market has achieved greater stability in the post-pandemic era. Vacancy rates also appear to be approaching the tight levels observed pre-pandemic. The introduction of large office supply may threaten occupancy recovery but pre-leasing has been largely encouraging, and the mixed-use features with ESG specifications should attract tenants and ease some concerns."

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Publication

Office & Business Space

Regional Japanese Office Markets - July 2023

"Stability has been a feature of regional office markets over the past half-year, especially given Japan’s positive post-pandemic economic performance. New supply has been fairly limited overall in 2023, creating some breathing room to absorb existing vacant space. That said, many expensive or non-ideally located properties continue to underperform, while the large new supply slated over the coming years might impact the current equilibrium."

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