Local News

Fukuoka Office Vacancy Rates Continue to Rise

According to Miki Shoji’s latest report, Fukuoka’s central business district experienced a slight increase in office vacancy rates in April, rising by 0.04 points to 5.43%. This marks the second consecutive month of increase, attributed to both new leases associated with business expansions and relocations, as well as terminations due to downsizing or withdrawal from the market. Despite new building openings, such as the CIRCLES Nakasu Kawabata in Gion-Gofukumachi area, which contributed to higher vacancy rates, the average rent across Fukuoka slightly increased, maintaining a market above the 5% threshold considered indicative of oversupply for 15 consecutive months. Source: Miki Shoji

Fukuoka Office Vacancy Rates Continue to Rise

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Fukuoka City
Published: May 15, 2024 / Last Updated: May 15, 2024

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