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Japan’s coming real estate revival

Posted on 15 February 2013

The average vacancy rate in Tokyo is currently running at 8.7 percent. By comparison, Mitsubishi Estate’s current vacancy rate is just 4.5 percent. While that’s up a bit less than one percent versus the same period last year, it’s down by 5.51 percent from the level it reported in the previous period.
The company’s lower-than-average vacancy rate is primarily due to the fact that while office demand is down overall, Mitsubishi Estate’s properties are located in some of the best and highest demand areas of Tokyo………………………………………..Full Article: Source


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