Tokyo office rents hit fresh 3-decade high as market tightens

Some landlords sit on completed new properties, waiting for prices to keep rising Mitsubishi Estate's Otemachi Gate Building was nearly full about a year before completion, a project head said. (Photo by Kazuho Fujiwara) TOKYO — Average asking rents for office space in central Tokyo reached a new 31-year high in July as sustained strong demand from companies relocating and expanding their offices gave property owners the upper hand.

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