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Property

Tokyo office vacancies mark 27-year low

Broad-based demand drives market tightening

A WeWork shared office in Fukuoka, in southern Japan. Similar facilities have cropped up in Tokyo, creating demand for office space. (Photo by Daichi Mishima)
A WeWork shared office in Fukuoka, in southern Japan. Similar facilities have cropped up in Tokyo, creating demand for office space. (Photo by Daichi Mishima)

TOKYO -- Vacancy rates for office space in central Tokyo dropped under 2% for the first time since the days of the bubble economy in 1991 on robust demand from a range of sectors, including games and information technology.

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