The average office vacancy rate in five central wards of Tokyo at the end of July fell by 0.04 percentage point from a month earlier to 9.10 percent, the first fall in 30 months, office broker Miki Shoji Co. said Thursday.
The fall in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards came as office supply declined amid widespread concern over the future course of the economy, Miki Shoji said.
But some companies want to expand their offices, it said.
The average business district office vacancy rate rose by 0.01 percentage point to 11.80 percent in Osaka and dropped by 0.05 point to 13.30 percent in Nagoya.
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