Real estate market outlook

as of January 26, 2018

Office vacancy rates and rents (Dec. 2016~Dec. 2017)

(yen/tsubo)

(%)

Office rent(Dec. 2016~Dec. 2017)

(yen/tsubo)

Office vacancy rates(Dec. 2016~Dec. 2017)

(%)

Office average vacancy rate and average rent(Dec. 2016~Dec. 2017)

(yen/tsubo)

(%)