Management Business and Leasing Business Overview
Appendix 1
Leasing Business Market Trends (Office Buildings)
Office Vacancy Rate
(%)
10.0
Mitsui Fudosan (Tokyo Metro/Parent basis)
Central Tokyo 5 Wards, A Class (Source: CBRE)
Central Tokyo 5 Wards (Souce: Miki Shoji)
8.8%
8.57%
8.0
6.0
40
4.0
2.0
(6/2003) (6,8/2003)
5.8%
(9/2003)
2.49%
(11/2007)
0.9%
0.9%
6/2006) (6/2007)
9.19% 8.92%
(3/2011) (4/2011)
5.1% 5.1%
(3/2011) (4/2011)
4.0%
(3/2011)
Source:
Miki Shoji Co., Ltd.,
CB Richard Ellis
0.0
0.6%
(7/2006)
3/2002
3/2003
3/2004
3/2005
3/2006
3/2007
3/2008
3/2009
3/2010
3/2011
Trends of Supply Volume of Large-Scale Office Buildings within Tokyo's 23 Wards
(Million m²)
2.5
2.0
1.5
1.0
0.99
0.5
52
0.0
88
98
Uncompleted
Completed
2.16
Past supply volume
(annual average)
1.02 million m²/year
(total floor space)
1.54
1.25
1.21
1.19
0.91
0.72
0.77
0.36
99
00
01
02 03 04 05
4
90
0.86 0.85
0.65
1.37 1.54
Forecast supply volume
after '11
(annual average)
0.96 million m²/year
(total floor space)
0.79
0.65
Source:
0.45 Mori Building Co., Ltd.
(As of December 31, 2010)
(Calendar year)
28
06 07 08
09
10
11
12
13
14
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