Monthly vacancy rate of new office buildings in Tokyo's business districts 2020-2023

Published by Statista Research Department, Jan 11, 2024

As of December 2023, the vacancy rate for newly constructed office space in Tokyo's main business districts stood at approximately 32.2 percent. The vacancy rate for existing buildings in the same month was around five percent.

Monthly office vacancy rate of new build properties in Tokyo's main business districts from January 2020 to December 2023

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Release date

January 2024

Region

Japan

Survey time period

January 2020 to December 2023

Supplementary notes

Business districts here include Chiyoda, Chuo, Minato, Shinjuku, and Shibuya.

Office buildings for rent with a standard floor area of 100 tsubo or more.

New buildings are defined as buildings completed in the past 12 months, including the month of the survey.

Figures prior to December 2022 come from previous reporting.

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