Tokyo office rents predicted to rise further | INRnews
Tokyo, November 21, 2006 - DTZ has significantly revised upwards its Tokyo office rental forecasts for 2007 and 2008 on the belief that the office market is at the early stage of a major rental up-cycle that could last for three to four years. A clear demand-supply imbalance in Shibuya, with vacancy rates at an all time low of 1.8%, coupled with extremely limited supply in the next five years, points, we believe, to very strong growth in this district in particular.