Office Rents Fall in Tokyo

According to Bloomberg, "The average office rent in the Tokyo’s five main business districts of Chiyoda, Chuo, Minato, Shinjuku and Shibuya in March fell to 17,495 yen per tsubo ($62 per square meter), the lowest ever in March, Miki Shoji said. One tsubo, a standard measure of property area in Japan, is 3.3 square meters, or 35.5 square feet. In February, the rent stood at 17,512 yen a month."