Fukuoka’s office vacancy rate in key business districts, such as Tenjin, fell for the third consecutive month in October, reaching 5.08%, according to Miki Shoji. While vacancies remain above the 5% threshold indicating oversupply, demand from relocations has gradually decreased availability. The average rent also saw a slight rise to ¥11,782 per tsubo (approx. 3.3 sq. meters). In contrast, vacancy in the Hakata area dropped to 2.8%, reflecting high demand and limited availability. Market experts predict further tightening, pushing some tenants to consider the Tenjin area for relocation options. Source: Miki Shoji
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