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Reports

2025.12.4 Market

Industrial Market Research October 2025

【Greater Tokyo】
Vacancy Rate: 8.5% (QoQ -1.1%)
Asking Rent: 4,540 JPY/Tsubo (QoQ -1.7%)
[Summary] The vacancy rate declined for the first time in five years since October 2020, marking a shift toward an improved supply–demand balance.

【Kansai Area】
Vacancy Rate: 4.1% (QoQ +0.2%)
Asking Rent: 4,590JPY/Tsubo (QoQ +-0%)
[Summary] Both new supply and new demand have settled at moderate levels, and a balanced supply–demand balance continues.

【Chukyo Area】
Vacancy Rate: 13.4% (QoQ -2.1%)
Asking Rent: 3,230JPY/Tsubo (QoQ +0.6%)
[Summary] The vacancy rate remains above 10%, and an easing supply-demand balance continues.

【Kyushu Area】
Vacancy Rate: 6.2% (QoQ +2.9%)
Asking Rent: 3,160JPY/Tsubo (QoQ -4.2%)
[Summary] New supply is much more higher than new demand, resulting in a significant increase in the vacancy rate.

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