The vacancy rate for office spaces in Fukuoka’s central business district, including Tenjin, fell by 0.12 percentage points in May to 5.31%, according to Miki Shoji. This marks the first decrease in three months, though the rate has remained above the 5% equilibrium threshold for six consecutive months. In Tenjin, the rate stood at 9.27%, slightly down from the previous month but still historically high. Average rent in the area rose by ¥13 to ¥12,005 per tsubo (approx. 3.3 m2). Separately, Sankoh Estate reported a citywide vacancy rate of 4.47%, with rents dropping by ¥116 to ¥15,322 per tsubo. Vacancy in Hakata remained low at 1.8%. Source: Miki Shoji
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