Fukuoka’s central business district recorded an office vacancy rate of 5.43% in April, up for the second straight month and remaining above the 5% oversupply threshold for five consecutive months. In the Tenjin area, the vacancy rate rose to 9.33%, its highest in 11 years, influenced by the opening of Tenjin Brick Cross with about 30% of its space still vacant. Citywide, the average office rent fell slightly to ¥15,438 per tsubo, while Tenjin’s surge in vacancies contrasts with stable rates near Hakata Station. Source: Miki Shoji Co. Ltd
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