Office REIT representative stock 8951 Japan Building Fund
Since 2013, as Abenomics drove a rebound in corporate performance, there finally began to appear bright signs for the domestic office market, which had been lagging.
Because the domestic office market deteriorated due to the Lehman Shock and the Great East Japan Earthquake, office-type REITs that pay distributions from office leasing income could not stop the dividend cuts.REIT saw continued reductions.
However, with the economic recovery under Abenomics, the vacancy rate in central Tokyo offices fell below5%, and rent reductions settled.
And this month, the vacancy rate fell below4%.
From these trends, the full-scale impact of rent increase revisions is starting to be reflected in earnings.
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