Office Rental in Tokyo tariff Add

Occupancy levels in the premium office in downtown Tokyo, Japan, experienced an increase after two decades of experience emptiness. Rental prices will rise at a time when that will come.

Good news came from Nippon Building Fund Management Ltd. that is a real estate financing institutions (REIT) and the largest in Japan stating that occupancy price for premium office area in Tokyo suffered rising rental prices. The news is the new sun of Tokyo remembering already two decades has experienced cloudy. But for operators outside Japan rising office rental rates are bad news.

According to Kenichi Tanaka namely President CEO Nippon Building Fund Management Ltd. says that story office building in the demand exceeds the supply of premium to drive up prices. In accordance with the law of the market that is more and more demand while limited supply then prices will follow the surge. Case please re tune in by Jones Lang LaSalle and Barclays Plc are also predicted rental prices of premium office space in the capital of Japan (Tokyo) in 2013 and at that time will come. Indication is seen in March 2013 there has been a big office space vacancy level 8.6% compared to June 2012.

Meanwhile, the REIT has so far been done on the acquisition of office buildings valued at 156.8 billion yen, equivalent to Rp 15.2 trillion. The figure is 3 times more than the planned figure. According to Tanaka as we collect from Blommberg.com on thursday, 25 April 2013 mentions that the acquisition of that size is not necessarily repeated in the second semester of this year, even up to this day have not reached the point of peak market.

Capitalization value of office buildings in Tokyo by February 2013 decreased 5.2% on the figure of the month figures as large as 5.5% in October 2012. This decline includes the highest since Real Capital Analytucs Inc. in 2009 doing historical data compilation. But according to our estimates the price of land and buildings will be more expensive considering the growing denseness vast amount of people, when the earth is not getting wider but more limited due to the rise of sea water inland.

Resources:

http://www.bloomberg.com/
http://properti.kompas.com/read/2013/04/25/18443229/Tarif.Sewa.Kantor.di.Tokyo.Melesat.Naik