Occupancy rate of grade A offices in Tokyo
How is the occupancy for high end offices in Tokyo?
On August of 2018, JLL announced their market report of Tokyo Grade A offices. The offices that were researched were buildings built after 1990, total area size of 30k sqm, above 20 floors high, and located in Tokyo`s CBD wards. Research shows that the occupancy rate of these offices are 98.1% while the average rent is 123,529 per square meter, a 2.4% increase from last year.
Within the next 5 years there are several commercial office building that will be built getting ready for the future companies that would like to hold an office in Tokyo. The "Asia Special Headquarters Zone" will be playing a big part in the grade A office market and the future overseas companies that would like to enter the Japan market.
Details on this special zone is as follows.