The FINANCIAL -- The office vacancy rate in central Tokyo rose 0.05 percentage point month on month to 7.62% as of the end of September, Miki Shoji Co. said on October 8.
The rate had climbed for eighteen straight months through July, then held flat in August. The September increase was minimal, as "Corporate tenants have begun easing the downsizing of their office spaces," said a Miki Shoji official.
"The average asking rent in Tokyo's five central wards of Chiyoda, Chuo, Minato, Shinjuku and Shibuya fell 13.53% year on year to 19,657 yen per 3.3 sq. meters. On a month-on-month basis, the figure slipped 1.06%," Nikkei.com informs.
Meanwhile in Osaka's business district, the office vacancy rate rose 0.39 point month on month to 9.86%. In central Nagoya, the rate edged up 0.09 point to 11.78%.
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