New Research

Corporate Activity and Workstyle Reforms as Seen in Office Relocation

What are the characteristics of a company's behavior when moving into a new office due to relocation or new opening? Xymax Real Estate Institute conducted a questionnaire survey of companies that moved into a new office between 2016 and 2017 to ask about the behavior of ...

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Office Market Report
Tokyo | Q4 2017

Summary
In the December quarter, the Tokyo 23 Wards' office market remained tight with the vacancy rate ...

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Average Offer Periods of Offices

Xymax Real Estate Institute (hereinafter, “Xymax REI”) has continuously made various analyses focusing on vacancies. In addition to vacancy rates it publishes on a regular basis, Xymax REI ...

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OSAKA CITY | Supply of New Office Space 2018 & Office Stock Pyramid 2018

Xymax Real Estate Institute hereby releases its report on the Supply of New Office Space 2018 and Office Stock Pyramid 2018 covering Osaka City.

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TOKYO 23 WARDS | Supply of New Office Space 2018 & Office Stock Pyramid 2018

Xymax Real Estate Institute hereby releases its report on the Supply of New Office Space 2018 and Office Stock Pyramid 2018 covering the Tokyo 23 Wards area.

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Metropolitan Areas Office Demand Survey Autumn 2017

More companies are starting to allow employees to be flexible on where and when they work, in order to secure human resources and improve productivity on the back of a decline in labor force. This trend will have an impact on office space demand.

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Office Market Report
Tokyo | Q3 2017

Summary
In the September 2017 quarter, the Tokyo 23 Wards' office market remained tight with the low ...

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Office Space per Person 2017

Xymax Real Estate Institute surveys office building tenants on a regular basis to understand how companies are using the office. The office space per person of companies leasing typical office buildings (hereinafter "office space per person") is surveyed and analyzed annually.

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Metropolitan Areas Office Demand Survey 2017 — Demand Trends

Employing different types of workers and improving productivity are urgent matters facing companies in Japan; the lack of labor from working-age population decline is a nationwide problem.

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Office Market Report
Tokyo | Q2 2017

Summary
In the June 2017 quarter, the Tokyo 23 Wards' office market remained tight with the low vacancy ...

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Office Market Report
Tokyo | Q1 2017

Summary
In the March 2017 quarter, the Tokyo 23 Wards' office market continued to see a decrease in ...

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New Ways of Working and New Types of Office

Aging population and declining working-age population – the labor shortage concerns made companies in Japan to enhance their initiative to change the way people work.

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Office Market Report
Tokyo | Q4 2016

Summary
In the December 2016 quarter, the Tokyo 23 Wards' office market continued to see solid demand ...

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Metropolitan Areas Office Demand Survey 2016 New Ways of Working and Office

Keeping workers and improving productivity are urgent matters facing companies in Japan; labor shortage from the aging population and decline in working-age population is a nationwide problem.

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Metropolitan Areas Office Demand Survey 2016 Demand Trends

Keeping workers and improving productivity are urgent matters facing companies in Japan; labor shortage from the aging population and decline in working-age population is a nationwide problem. More companies are starting to allow employees to be flexible on where and when they work.

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TOKYO 23 WARDS | Supply of New Office Space 2017 & Office Stock Pyramid 2017

Xymax Real Estate Institute released a report on Supply of New Office Space 2017 and Office Stock Pyramid 2017 covering the Tokyo 23 Wards office area.

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OSAKA CITY | Supply of New Office Space 2017 & Office Stock Pyramid 2017

Xymax Real Estate Institute released a report on Supply of New Office Space 2017 and Office Stock Pyramid 2017 covering the Osaka city office area.

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Energy Consumption and Energy Cost in Office Buildings (September 2016)

The consumption remained flat. The cost and the price per unit continued to decrease.

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Repair of Retail Buildings Fact-Finding Study 2016

Findings from Retailer Survey and Interview
Xymax Real Estate Institute, together with the research team of Professor Yukio Komatsu of Department of Architecture, Waseda University*1, conducted ...

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Office Market Report
Tokyo | Q3 2016

Summary
A modest recovery of the vacancy rate and contract rent continued in the Tokyo ...

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Economic Value of Repair

Repairs that are well-planned and consistent have a positive impact on rent.
REPORT SUMMARY
Office buildings are now used for a longer period of time and the value of the ...

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Office Space per Person 2016

Record low size (3.80 tsubo) and rent decrease
Xymax Real Estate Institute has been doing a study on office tenants to figure out how they use the office space. We analyze the size of the office space per ...

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Electric Power Consumption by Office Tenants (June 2016)

The average of Apr-Jun 2016 was 32.9 kW/tsubo; YoY decrease of 3.5%.
Xymax Real Estate Institute has been studying the volume of electricity consumed by office tenants in Japan on a continuous basis. The quarterly reports have ...

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Energy Consumption and Energy Cost in Office Buildings (June 2016)

The consumption remained flat. The cost and the price per unit continued to decrease.

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Office Market Report
Tokyo | Q2 2016

Summary
Vacancy rates and contract rents continued to recover in the Tokyo 23 Wards' ...

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Electric Power Consumption by Office Tenants (March2016)

The average of Jan-Mar 2016 was 38.9 kWh/tsubo; YoY decrease by 6.9%.
Xymax Real Estate Institute has been studying the volume of electricity consumed by office tenants in Japan on a continuous basis. The quarterly reports have ...

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Energy Consumption and Energy Cost in Office Buildings (March 2016)

The consumption is slightly down. The cost and the price per unit continue to decrease.

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Office Market Report
Tokyo | Q1 2016

Summary
In Tokyo 23 Wards' overall office market, both the vacancy rates and contract ...

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How long will the tenants stay in the shopping center?

Average occupancy period and how the continuity rate changes over time
Xymax Real Estate Institute released a report on the average occupancy period of office tenants*1 in May 2014. In the report we analyzed the duration of office ...

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Electric Power Consumption by Office Tenants (December 2015)

The average of 2015 was 37.1 kWh/tsubo; the record low.
Xymax Real Estate Institute has been studying the volume of electricity ...

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Energy Consumption and Energy Cost in Office Buildings (December 2015)

The price per unit is down, the cost is down and the consumption is flat.
Xymax Real Estate Institute has been studying the energy consumption and ...

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Office Market Report
Tokyo | Q4 2015

Summary
Tokyo 23 Wards' overall office market continued to see a shortage of available ...

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Office Stock Pyramid 2016

Xymax Real Estate Institute compiled the Office Stock Pyramid 2016 of Tokyo 23 Wards (Figure 1).This pyramid chart, similar to the population pyramid representing the distribution of age groups and gender, shows a distribution of ...

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Supply of New Office Space 2016 (Tokyo & Osaka)

Xymax Real Estate Institute is releasing the Supply of New Office Space 2016 of Tokyo 23 Wards and Osaka City. The volume of new supply makes a direct impact on market balance. Xymax compiled the data of the rentable office space ...

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Electric Power Consumption by Office Tenants (September 2015)

The average of summer 2015 was 38.5 kWh/tsubo, a YoY decrease of 6.1%.
Xymax Real Estate Institute has been studying the volume of electricity ...

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Energy Consumption and Energy Cost in Office Buildings (September 2015)

The price per unit is down, the cost is down, and the consumption is flat.
Xymax Real Estate Institute has been studying the energy consumption and ...

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Building Owner Survey 2015

Discover the mindset and challenges of the small-medium building owners
In April 2014, Xymax Real Estate Institute released a report "Office Stock Pyramid 2014"*1 in which we picked up the fact that the small and medium buildings ...

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Work Style & Use of Office Space Survey 2015

New work style influences location and use of office
Recent progress in information technology enabled work style changes. Mobile working*1 is one of them. If flexible work style continues to expand, will there ...

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OFFICE MARKET REPORT

Overall office market is having modest growth of both new rents and paying rents in the tight market as companies' forward-looking relocation demand, such as expanding business or hiring more workers, increased.

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Office Space per Person 2015

Xymax Real Estate Institute is studying corporate tenants in office buildings to have a better understanding of how the office space is used.

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Paying Rent Index is released

Xymax Real Estate Institute developed a new index Payment Rent Index based on the data of lease contracts signed for office buildings in Tokyo 23 Wards. This index will be released every quarter on our website.

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Energy Consumption and Cost in Office Building (June 2015)

Xymax Real Estate Institute has been studying the energy consumption and energy cost in office buildings in Japan and releasing quarterly results. The report covering January 2010 to March 2015 was released in June this year. This issue is an update of the study, covering up to June 2015.

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Electric Power Consumption by Office Tenants (June 2015)

Xymax Real Estate Institute has been studying the volume of electric power consumed by tenants in office buildings in Japan and releasing quarterly results since June 2013. This issue is an update covering up to June 2015.

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Tokyo Office Space Market Index Q2 2015

Xymax Real Estate Institute releases the results of the office space market indices for the second quarter of 2015: Vacancy Rate, New Contract Rent Index, Contract Rent DI, Ratio of Free Rent Granted and Average Free Rent (Month).

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Osaka City New Supply of Office Buildings & Office Stock Pyramid 2015

Xymax Real Estate Institute is releasing a report on new supply of office buildings and "Office Stock Pyramid" in Osaka City.

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Energy Consumption and Cost in Office Building (March 2015)
Consumption slightly decreased, price rise slightly slowed, and cost remained flat

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Electric Power Consumption by Office Tenants (March 2015)
2015 winter average was 41.8 kWh/tsubo, down by 4.8% year-on-year

Xymax Real Estate Institute has been studying the volume of electric ...

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Projection of Future Repair Costs
of Tenant-Occupied Office Buildings in Tokyo

Xymax Real Estate Institute made a projection of future repair costs of the tenant-occupied office buildings in Tokyo 23 Wards.

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Tokyo Office Space Market Index Q1 2015

Xymax Real Estate Institute releases the results of the office space market indices for the first quarter of 2015: Vacancy Rate, New Contract Rent Index, Contract Rent DI, Ratio of Free Rent Granted and Average Free Rent (Month).

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Energy Consumption and Cost in Office Building (December 2014)
Consumption slightly down, price rise slowed, and cost is decreasing

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Electric Power Consumption by Office Tenants (December 2014)
2014 annual average was 38.4 kWh/tsubo, down by 3.0% year-on-year

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Tokyo Office Space Market Index Q4 2014

Overall market is on a moderate recovery but increasingly polarized between winners and losers depending on how well office spaces meet the needs of tenants seeking to move for positive purposes.

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Supply of New Office Space Survey 2015

Xymax Real Estate Institute releases the results of Tokyo 23 Wards Supply of New Office Space Survey 2015. The volume of new supply is a direct impact on market balance. This survey covers the office buildings that are over 3,000 ...

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Energy Consumption and Cost in Office Building (September 2014)
Consumption slightly down, price rise slowed, and cost is decreasing

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Electric Power Consumption by Office Tenants (September 2014)
Summer 2014: 18.5% lower than before the earthquake

Xymax Real Estate Institute has been studying the electric power consumption ...

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Office Space per Person 2014
Space per person remained flat. Rent per person was also calculated.

Xymax Real Estate Institute has been conducting surveys of corporate tenants ...

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Survey of Use of Office Space 2014
Actual use of office spaces and needs of office tenants

Xymax Real Estate Institute constantly interviews and surveys corporate tenants occupying office buildings managed by Xymax Group.

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Tokyo Office Space Market Index Q3 2014

Xymax Real Estate Institute releases the third quarter 2014 results of the office space market indices: Contract Rent DI, New Contract Rent Index, Ratio of Free Rent Granted and Average Free Rent (Month).

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Xymax New Contract Rent Index
A new index reflecting the actual office space market

Xymax Real Estate Institute has developed an index based on contract rent of office spaces. The index, named Xymax New Contract Rent Index, will be released ...

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Quarterly Analysis of Free Rent (Tokyo Office)

Ratio of Free Rent Granted and Average Free Rent (Month) both show clear trends of decreasing.

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Electric Power Consumption by Office Tenants (June 2014)
Spring 2014: Maintained the level 15%-20% lower than before the earthquake

Xymax Real Estate Institute has been studying the electric power ...

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Energy Consumption and Cost in Office Building (June 2014)
Consumption remained flat. Price per Unit and Cost continue to increase.

Xymax Real Estate Institute has been studying the energy consumption and ...

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Contract Rent DI (Q2 2014)

Xymax Real Estate Institute summarized the results of Contract Rent Diffusion Index (DI) of office space in Tokyo 23 Wards and Central Three Wards for the quarter ending June 2014.

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Companies are grouped into four types based on how they choose office space to rent.

What are the important criteria at the beginning and at the end of the office choosing process?

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Free Rent Remained Flat Year-on-Year Tokyo 23 Wards Office Space FY2013

Xymax Real Estate Institute summarized the results of the analysis of free rent of new leases signed ...

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Energy Consumption and Cost in Office Building (March 2014)
Consumption remained flat. Price per Unit and Cost continue to increase.

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Electric Power Consumption by Office Tenants (March 2014)
2014 winter: 5% lower compared to before the earthquake.

Xymax Real Estate Institute has been studying the electric power consumption by tenants in office buildings in Japan and releasing the results ...

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How long will the office tenant continue to stay?

Xymax Real Estate Institute estimated the Average Occupancy Period of Office Tenants (Tokyo 23 Wards), which is represented by the time until fifty percent of the tenants to depart from the building, estimated with the Kaplan–Meier method.

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Good Earthquake-Resistant Buildings Generate Higher Income: Statistical Study Explains

The real estate market is increasingly focusing on the environmental performance of properties. Various recently-started environmental...

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Office Space per Person 2013

Space per person remained flat at about 4 tsubo (13 sqm). Offices with more female workers tend to have more space per person. Xymax Real Estate Institute conducts the office tenant survey...

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Contract Rent DI (Q1 2014)

Xymax Real Estate Institute summarized the results of Contract Rent Diffusion Index (DI) for Q1 2014 (January - March) of office space in Tokyo 23 Wards and Central Three Wards.

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Office Stock Pyramid 2014
Small and medium office buildings in Tokyo 23 Wards are rapidly aging.

Xymax Real Estate Institute compiled “Office Stock Pyramid Eof Tokyo 23 Wards...

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Electric Power Consumption by Office Tenants (December 2013)

Average Consumption for 2013: Over 10% lower than before the earthquake for three years in a row...

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Contract Rent DI (Q4 2013)

Xymax Real Estate Institute summarized the results of Contract Rent Diffusion Index (DI)...

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Energy Consumption and Cost in Office Building

Energy consumption decreased, but cost increased due to a 15% rise in price (from 2010).

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New Office Supply Survey 2014
Supply of large office buildings continues into 2014 and beyond in Tokyo 23 Wards.

Xymax Real Estate Institute surveyed the rentable office spaces of buildings...

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Downtime of New Lease in Tokyo: 98.5 days (approx. 3.3 months)
FY2012 (April 2012 - March 2013)

Xymax studied the length of downtime (vacancy period) of office spaces.

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Electric Power Consumption by Office Tenants
(September 2013)

Energy saving in summer has been well established in Japan’s offices, recorded the consumption level over 10% lower...

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Release of Quarterly Contract Rent DI Report
Tokyo 23 Wards and also Tokyo Central Three Wards

Xymax Real Estate Institute Corporation (“Xymax Real Estate Institute E upgraded the Contract Rent Diffusion Index (DI) report released in June this year...

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Office Disaster Prevention Survey 2013

How office occupiers in Japan are prepared for disasters.Many companies increased awareness of the importance of being prepared for earthquakes having experienced the devastating...

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Electric Power Consumption by Office Tenants (June 2013)

Consumption in spring, reduced by 15% from the pre-quake level(the areas covered by TEPCO)...

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Office Space per Person 2012 in Tokyo 23 Wards

Approximately 4 tsubo (13 sqm) per person but varies depending on type of business (1 tsubo=approx. 3.3 sqm)...

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Electric Power Consumption by Office Tenants

Xymax Real Estate Institute calculated the electric power consumption by office tenants with the data of tenants in office buildings under Xymax Group’s management across Japan,...

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Contract rent and free rent both show improvements in Tokyo’s office market

Xymax to release office lease indices covering small, medium and large properties...

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Large Retail Property Stock in Japan

Findings from Xymax’s collaborative research with Dr. Naoki Katoh, Professor of Kyoto University Graduate School of Engineering...

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