Xymax Real Estate Institute

Vacant Office Space Monthly Report
Tokyo | April 2022
May 9, 2022
(1 tsubo = approx. 3.3 sqm)
Vacant office space data of the 23 wards of Tokyo in April f2022 were as follows:
The vacancy rate in April 2022 was 3.66%, up 0.06 pt from the previous month. The availability rate was6.13%, up 0.04 pt from the previous month (Figure 1).

The vacancy rate among the 5 central wards was the highest in the Minato Ward at 4.43%.The vacancy
rates in the Minato and Chiyoda Wards declined from the previous month.The vacancy rates in the Chuo,
Shinjuku and Shibuya Wards increased (Figure 2).

Vacant space was 423,000 tsubo, the increase of 1,000 tsubo from the previous month (Figure 3).

In terms of the increase and decrease in vacant space, the increase outweighed the decrease for the firsttime in two months, with an increase of 61,000 tsubo and a decrease of 60,000 tsubo (Figure 4).

Figure 1: Vaancy & Availability Rates (All Sizes)

Figure 2: Vacancy Rate (5 Central Wards)

Figure 3: Vacant Space (23 Wards, All Sizes)

Figure 4: Increase & Decrease in Vacant Space(23 Wards, All Sizes)

Vacant Office Space Monthly Report | Tokyo | April 2022
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness.
This report may not be reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.

Copyright © 2022 Xymax Corporation. All rights reserved.

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The vacancy rate by area was 3.55% in the 5 central wards and 3.99% in the 18 peripheral wards. Theavailability rate was 6.09% in the 5 central wards and 6.27% in the 18 peripheral wards (Figure 5).

The vacancy rate by building size was 3.72% among large buildings (gross floor area (GFA) of 5,000 tsuboor more) and 3.59% among small & medium buildings (GFA of 300–4,999 tsubo). The availability rate was
6.90% among large buildings and 5.26% among small & medium buildings (Figure 6).

Figure 5: Vacancy & Availability Rates (by Area)
8%

Figure 6: Vacancy & Availability Rates (by Size)

5 central wards

18 peripheral wards

Large buildings

Small & medium buildings

5 central wards availability rate

18 peripheral wards availability rate

Large buildings availability

Small & medium buildings availability

2022/12022/42021/72021/102021/12021/42020/72020/102020/1

2020/4

2019/7

2019/10

2019/1

2019/42018/7

2018/10

2018/1

2018/42017/102017/42022/12022/42021/72021/102021/12021/42020/72020/102020/1

2020/4

2019/7

2019/10

2019/1

2019/40%
2018/70%
2018/102%

2018/1

2%

2018/44%

2017/104%

2017/46%

2017/7

6%

2017/78%2021/122022/12022/22022/32022/4

2021/12 2022/1

2022/22022/32022/4

Vacancy (5 central)

3.57%

3.57%

3.60%

3.54%

3.55%

Vacancy (large)

3.54%

3.48%

3.63%

3.63%

3.72%

Vacancy (18 peripheral)

3.60%

3.50%

3.78%

3.77%

3.99%

Vacancy (small & medium)

3.62%

3.65%

3.67%

3.56%

3.59%

Availability (5 central)

5.96%

5.92%

6.07%

6.13%

6.09%

Availability (large)

6.30%

6.31%

6.68%

6.82%

6.90%

Availability (18 peripheral)

5.32%

5.59%

5.91%

5.95%

6.27%

Availability (small & medium)

5.24%

5.31%

5.30%

5.26%

5.26%

Vacant Office Space Monthly Report | Tokyo | April 2022
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness.
This report may not be reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.

Copyright © 2022 Xymax Corporation. All rights reserved.

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Xymax Real Estate InstituteFor further inquiries please contact below:
Xymax Real Estate Institutehttps://soken.xymax.co.jp | E-MAIL: info-rei@xymax.co.jp

Vacant Office Space Monthly Report | Tokyo | April 2022
The contents of this report are as of the time of writing. Xymax Real Estate Institute does not guarantee their accuracy or completeness.
This report may not be reproduced, cited, transmitted, distributed, or reprinted without prior permission of Xymax Real Estate Institute.

Copyright © 2022 Xymax Corporation. All rights reserved.

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