Xymax Real Estate Institute

Vacant Office Space Monthly Report
Tokyo | May 2022
June 9, 2022
(1 tsubo = approx. 3.3 sqm)
Vacant office space data of the 23 wards of Tokyo in May 2022 were as follows:
The vacancy rate in May 2022 was 3.75%, up 0.09 pt from the previous month. The availability rate was6.17%, 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 4.64%. The vacancy
rates in the Chiyoda Wards declined from the previous month. The vacancy rates in the Chuo, Minato and
Shibuya Wards increased, meanwhile there was no significant change in the Shinjuku Wards (Figure 2).

Vacant space was 433,000 tsubo, the increase of 10,000 tsubo from the previous month (Figure 3).

In terms of the increase and decrease in vacant space, the increase (52,000 tsubo) exceeded the decrease(42,000 tsubo) (Figure 4).

Figure 1: Vacancy & Availability Rates (All Sizes)

2022/12022/22022/32022/42022/5

Vacancy rate

3.56%

3.64%

3.60%

3.66%

3.75%

Availability rate

5.84%

6.04%

6.09%

6.13%

6.17%

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

Vacant Office Space Monthly Report | Tokyo | May 2022

Figure 2: Vacancy Rate (5 Central Wards)

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

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 3.62% in the 5 central wards and 4.19% in the 18 peripheral wards. Theavailability rate was 6.13% in the 5 central wards and 6.29% in the 18 peripheral wards (Figure 5).

The vacancy rate by building size was 3.79% among large buildings (gross floor area (GFA) of 5,000 tsuboor more) and 3.72% among small & medium buildings (GFA of 300–4,999 tsubo). The availability rate was
6.96% among large buildings and 5.27% among small & medium buildings (Figure 6).

Figure 5: Vacancy & Availability Rates (by Area)

2022/12022/22022/32022/42022/5

Vacancy (5 central)

3.57%

3.60%

3.54%

3.55%

3.62%

Vacancy (18 peripheral)

3.50%

3.78%

3.77%

3.99%

4.19%

Availability (5 central)

5.92%

6.07%

6.13%

6.09%

6.13%

Availability (18 peripheral)

5.59%

5.91%

5.95%

6.27%

6.29%

Figure 6: Vacancy & Availability Rates (by Size)

Vacant Office Space Monthly Report | Tokyo | May 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 | May 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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