Tokyo Office Vacancy Rose in February; Property Stocks Drop
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Tokyo’s office vacancy rate rose for a second month in February, according to Miki Shoji Co., a privately held office brokerage company. Mitsui Fudosan Co. paced declines by Japan’s property stocks.
The measure of unoccupied office units rose to 9.1 percent last month from 9.04 percent in January, the Tokyo-based brokerage said. Vacancy rate stood at 8.91 percent in December.