Japan is one of the improving country that we have in this world today,this improvement in terms of economy and what comes with improvement in the economy is the thing that most of us usually know the increase in prices , it does not matter whether it is clothing, food, shelter or even the rate of services done by people like the Japanese comfort women, Japanese masseur or Japanese hair stylist. So with almost everything increasing, there would surely be one factor that would increase and that’s the real estate properties, whether it is buying them or just simply renting them.
In fact in Tokyo, Japan office rents are continuously going up which makes people give up the office spot due to the high retainage value, report gathered from CBRE shows that there was increase in the vacancy rents within Tokyo. The rates increases for almost 1.5 percent per month and just last month which was February 2015 the rate increases to 5.3 percent. This increase in office vacancy does not only happen in Tokyo but also in Osaka, Japan. Also based on CBRE there was an increase in office rent vacancy in the said city by 7.8%. Another city in Japan that has been affected with the increase in office spot vacancy was Nagoya, it may have the lowest percent of vacancy of 2.8% but there is still the fact that there was an increase ion office spot vacancy. Not only that these increasing in vacancy happens to office spot but it also happens to building rents within Japan.
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