Mitsubishi Estate Co. plans to increase office rents for the first time in about five years in 2014 as the supply of new buildings slows.
Mitsubishi Estate, owner of about 30 buildings in Tokyo’s Marunouchi business district, plans to boost rents by as much as 10 percent when leases are renewed or new leases signed from next year, Chief Executive Officer Hirotaka Sugiyama said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.