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.
Q1 2014 Contract Rent DI was +9 for Tokyo 23 Wards and +8 for Tokyo Central Three Wards, an increase of 9 points and 11 points from Q4 2013, respectively.
A higher proportion of office buildings saw rent increases and fewer office buildings saw rent decreases this quarter, reflecting expanded demand in the overall office market.
