Office building broker Miki Shoji K.K. said Thursday the average vacancy rate of office buildings in central Tokyo hit a record high 8.57 percent as of the end of June, up 0.07 percentage point from a month earlier.
The vacancy rate is the highest since the company began collecting data in 1989, it said.
The average rent in the five central Tokyo wards of Chiyoda, Chuo, Minato, Shinjuku and Shibuya came to 18,684 yen per 3.3 sq. meters, down 1,017 yen from a year earlier.
The company said the average rent for new large office buildings was 26,854 yen per 3.3 sq. meters, while that for existing large buildings was 18,389 yen.
The average vacancy rate of office buildings in downtown Osaka rose 0.13 point to a record 11.01 percent, and the rate in Nagoya grew 0.18 point to 8.64 percent, also a record high.
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