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These are the trends in the vacancy rate and rents.
The vacancy rate continued to remain low, standing at 0.8% at the end of June 2020.
Despite reports of a rise in office contract cancellations, notices of contract cancellation within the Group were unchanged from the year-ago level.
The average monthly rent was 27,090 yen per tsubo at the end of June 2020, indicating an upward trend driven by rent increases on the renewal of contracts for existing buildings.
Moving forward, the average monthly rent is expected to rise further with the occupancy of Tokyo PortCity Takeshiba.
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