According to a report by Miki Shoji Co., Ltd., office vacancies in the central area of the Fukuoka City as of the end of January 2019 decreased to 1.89%. It was the first time in 28 years that the rate fell below 2%. The area is seeing tight supply and demand as the number of new contracts grow, reflecting the completion of new buildings while the number of lease termination remains low. The average rent per tsubo (3.3 square meters) has raised for nineteen consecutive months and reached ¥10,020, which was the highest in the past ten years. The company expects the low vacancy rate to continue in the area. Source: Miki Shoji Co., Ltd.
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