Wednesday, September 14, 2005

Space in Govt. Office Buildings to List on Rental Market

Legislation on government-owned assets will be revised to allow them to be leased starting FY 2006, according to the MOF. They will be listed on the Internet.
This will certainly put a large amount of property on the rental market across the nation - even though the government intends to list them at market prices (as is the norm in Japan), the volume will put some pressure on occupancies and rents. Many government office buildings are located in prime areas.

Full Story - Nikkei: MOF To Reveal Vacancies In Govt Buildings For Private Firms

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