Photographer: Kiyoshi Ota/Bloomberg

Tokyo Has Biggest Jump in Office Rents, Singapore Slumps: Chart

Renting an office in Tokyo just got more expensive. Japan’s capital had the highest rental growth for prime office space in the Asia-Pacific region as the vacancy rate remained at a multi-year low, according to a Knight Frank LLP index of prime office rents in 19 cities across the region. Singapore was the worst-performing market in Asia, with rents dropping 4.4 percent in the quarter, as the city-state struggles with sluggish economic growth.

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