TOKYO -- Rents at new office buildings in Tokyo have risen in the latter half of the year for a second straight year, a Nikkei Inc. survey shows, reflecting brisk demand for relocation and expansion among companies with strong earnings.
An index of rents at buildings constructed within the last year measured 169.89, up 12.56 points from a year earlier and the highest second-half reading since 2007. The index for buildings completed at least a year ago rose 5.56 points to 138.79, the highest since 2009, marking the fifth year in a row of second-half growth. The index takes February 1985 as its baseline.
