【World Property Journal】Tokyo Office Demand Spills into Non-Core Wards in 2025

According to CBRE, vacancy rates in Tokyo's non-core areas--comprising 18 outer wards--declined by 1.8 percentage points year-over-year in the first quarter of 2025. By comparison, core areas--made up of five central wards--saw a smaller drop of 1.2 points over the same period. While vacancy remains higher in the periphery at 5.8% versus 2.4% in central districts, the narrowing spread reflects accelerating demand beyond traditional business hubs.

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