TOKYO -- Tokyo's office vacancy rate fell to a record low of 1.49% in figures out Thursday amid the calm before a possible storm caused by the new coronavirus.
Vacancies in the Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards of central Tokyo dropped an average of 0.04 percentage point on the month in February to mark a sixth straight month of historic lows in the data from real estate brokerage Miki Shoji. Rents have continued to rise for more than six years.
