Xymax Real Estate Institute

Vacant Office Space Monthly Report
Tokyo |September 2022
October 5, 2022
(1 tsubo = approx. 3.3 sqm)
Vacant office space data of the 23 wards of Tokyo in September 2022 were as follows:There were no significant changes in the vacancy rate and availability rate from August 2022. The vacancy
rate remained at 4.02% while the availability rate was 6.11% (Figure 1)

The vacancy rate among the 5 central wards was the highest in the Minato Ward at 4.78%. The vacancy
rate in the Shinjuku Ward increased while the Chuo and Shibuya Wards` decreased from the previousmonth. No significant changes were observed in the Chiyoda and Minato Wards. (Figure 2).

Vacant space was stable at 466,000 tsubo (Figure 3).

In terms of the increase and decrease in vacant space, the increase was same as the decrease at 41,000tsubo (Figure 4).

Figure 1: Vacancy & Availability Rates (All Sizes)

Figure 2: Vacancy Rate (5 Central Wards)

Chuo

ChiyodaMinatoShinjuku

Shibuya2022/52022/62022/72022/82022/9Vacancy rate

3.75%

3.91%

3.97%

4.02%

4.02%

2022/8

4.38%

3.03%

4.78%

3.23%

2.96%

Availability rate

6.17%

6.31%

6.20%

6.11%

6.11%

2022/94.37%↘

3.03%→

4.78%→

3.32%↗

2.88%↘

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

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

Vacant space

2022/52022/62022/72022/82022/9433,000

453,000

460,000

466,000

466,000

2022/52022/62022/72022/82022/9

Increase (tsubo)

52,00055,00058,00055,00041,000Decrease (tsubo)

42,00035,00051,00049,00041,000Vacant Office Space Monthly Report | Tokyo |September 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 Institute

The vacancy rate by area was 3.86% in the 5 central wards and 4.52% in the 18 peripheral wards. The
availability rate was 5.97% in the 5 central wards and 6.56% in the 18 peripheral wards (Figure 5).

The vacancy rate by building size was 4.18% among large buildings (gross floor area (GFA) of 5,000 tsuboor more) and 3.83% among small & medium buildings (GFA of 300–4,999 tsubo). The availability rate was
6.87% among large buildings and 5.25% among small & medium buildings (Figure 6).

Figure 5: Vacancy & Availability Rates (by Area)

Figure 6: Vacancy & Availability Rates (by Size)

2022/52022/62022/72022/82022/92022/52022/62022/72022/82022/9Vacancy (5 central)

3.62%3.70%

3.79%

3.86%

3.86%

Vacancy (large)

3.79%

4.04%

4.10%

4.14%

4.18%

Vacancy (18 peripheral)

4.19%

4.60%

4.54%

4.50%

4.52%

Vacancy (small & medium)

3.72%

3.77%

3.82%

3.88%

3.83%

Availability (5 central)

6.13%

6.11%

5.97%

5.95%

5.97%

Availability (large)

6.96%

7.17%

6.93%

6.78%

6.87%

Availability (18 peripheral)

6.29%

6.92%

6.92%

6.60%

6.56%

Availability (small & medium)

5.27%

5.34%

5.38%

5.34%

5.25%

Vacant Office Space Monthly Report | Tokyo |September 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 |September 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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