Tokyo office buildings facing extended vacancies surge over past 3 years

Tokyo office buildings facing extended vacancies surge over past 3 years Tokyo office buildings facing extended vacancies surge over past 3 years

TOKYO — Central Tokyo’s market for large office buildings appears to be reaching a saturation point, with unoccupied space in properties with extended vacancies increasing twelvefold in the three years through 2024.

Even as workers return to the office following the pandemic, a series of redevelopment projects has led to a glut of space.