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Next are trends in the vacancy rate and rents.
The vacancy rate remained low at 0.4% at the end of September 2019 on the back of continued steady demand. The vacancy rate is calculated based on the number of occupancies.
The average monthly rent was ¥25,310 per tsubo at the end of September 2019, a rise of about ¥810 and ¥130 from the end of March 2019 and more recently from the end of June 2019, respectively, reflecting price rises through the renewal of contracts for existing buildings and the operation start of new properties such as Shibuya Solasta.
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