Tokyo (Inner Central) is the third most expensive office mart with rentals at $220.25. Market conditions remained tight and the business prospects weak affecting rentals in the city. A large number of businesses put expansion plans on hold.
There is a slowdown in the rental growth compared to rentals in 2007. However, Asia's commercial sector remained stable in the first quarter of 2008. There has been a good demand for office spaces from domestic and multinational companies across Asian markets.
Image: Mount Fuji covered with snow is seen between skyscrapers in Tokyo| Photograph: Toru Yamanaka/AFP/Getty Images
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