Tokyo office vacancy rate up for 15th month

More offices in Tokyo are sitting vacant as people work from home during the coronavirus pandemic.

Office-space broker Miki Shoji says 5.9 percent of workspaces 330 square meters or bigger in the capital's central business districts were vacant in May. The figure was up for the 15th month in a row.

New offices are finding it harder to attract tenants. The vacancy rate for buildings constructed within the past year stood at nearly 9 percent.

The falling demand is weighing down rents. The firm's data shows that the average monthly charge fell from April, marking the 10th straight decline.