Investor Presentaiton
0
3,000
2011Q1
6,000
096'
12,000
9,000
2011Q2
9,960
(JPY/Tsubo)
18,000
3,000
13,470
(JPY/Tsubo)
18,000
15,000
13,210
13,050
JPR
Advertised rents
23 Wards of Tokyo
5 Wards of Tokyo
(JPY/Tsubo)
18,000
15%
Office Vacancy Rates and Average Advertised Rents in Major Investment Areas
15,000
12%
12,000
12,000
12,000
9%
9%
7.8
7.9
7.6
7.4
7.5
7.3
7.2
7.3
7.3
7.2
7.0
7.1
9,000
9,000
9,000
6,000
6%
6,000
6%
6,000
Nagoya City
12,800
12,740
13.4
13.1
12.9
12.5
12.3
11.8
15,000
15,000
12%
2011Q3 9,950
9,870
Source: Japan Office Market Review (CBRE)
9,770
9,720
0%
12,000
9%
0%
3%
3,000
2011Q1
14,150
2011Q2
13,920
2011Q3
13,650
Fukuoka City
2011Q4
13,470
(JPY/Tsubo)
15% 18,000
Vacancy rate (Rents are average advertised rents for relevant periods. Vacancy rates are those as of the end of each fiscal period for relevant periods.)
2012Q1
13,210
2012Q2
13,110
15%
(JPY/Tsubo)
18,000
15% 18,000
13.3
13.1
13.1
12.5
12.4
11.9
15,000
12%
9,000
6%
6,000
3%
3,000
9,300
9,380
9,370
9,380
9,350
9,350
0%
0%
3%
3,000
Yokohama City
15%
(JPY/Tsubo)
18,000
15,000
11.8
15,000
12%
11.2
11.3
12%
11.0 11.0 11.1
12%
10.8
10.7
10.4
10.5
10.2
10.0
12,000
9%
9%
10,370
10,160
(JPY/Tsubo)
Sapporo City
11.0
10.1
12,000
9%
9,000
6%
6,000
3%
3,000
Japan Prime Realty Investment Corporation
7,880
7,890
7,930
2011Q4
7,990
10.0
10.2
2012Q1
7,750
2012Q2 7,730
0%
10,310
10,200
10,160
10,170
9,000
6%
6,000
3%
3,000
0%
0
15%
(JPY/Tsubo)
18,000
18.8
15,000
12%
14.3
9.5
9.5
12,000
9%
9,000
6%
6,000
3%
3,000
9,020
9,120
9,040
2011Q4
8,890
2012Q1 8,940
12.5
,050
9,050
Sendai City
8,860
15%
13.2
12.8
12.1
12%
2012Q2 9,070
36
0%
3%
6%
9%
3,730
18%
21%
3,750
8,660
0%
Osaka City
3%
6%
15%View entire presentation