Contract Rent DI (Q4 2013)
Xymax Real Estate Institute summarized the results of Contract Rent Diffusion Index (DI) for Q4 2013 (October - December) of office space in Tokyo 23 Wards and Central Three Wards.
Q4 2013 Contract Rent DI was 0 for Tokyo 23 Wards and −3 for Tokyo Central Three Wards. As the economy recovered, owners of office buildings with large vacant spaces reduced rent to fill the space quickly. As a result, more buildings compared to the previous quarter experienced rent decreases.
