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Tokyo office rents seen falling as supply glut tilts balance

While office space mounts, government expects Tokyo's workforce to decline as population shrinks

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With average annual office rent of US$160 psf, Tokyo's Marunouchi district ranks sixth among global business centres, behind Hong Kong's Central (US$290) and London's West End (US$262), says CBRE.

Tokyo

COMMERCIAL property prices in Tokyo, a bellwether for Japan's market, look to have peaked as the capital faces a glut of new offices even as the number of office workers is set to decline.

The property market had rebounded in the past three years as Prime Minister Shinzo Abe'

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