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Vacancy rate and rents.
The vacancy rate at the end of December 2023 was 5.7%.
Although the vacancy rate has temporarily increased due to the Shibuya Sakura Stage completed in November, the contract rate for this property is already at about 95%, and the vacancy rate is expected to decrease as the property is delivered to tenants.
The vacancy rate, excluding Shibuya Sakura Stage, remained low at 1.2% as of the end of December.
Average office rent was 29,560 yen per tsubo per month at the end of December 2023.
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