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This slide is on vacancy rate and rents.
The vacancy rate as of March 31, 2024 was 4.8%.
Although the vacancy rate has temporarily increased due to the Shibuya Sakura Stage completed in
November 2023, 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 1.1% as of March 31.
Average office rent was 29,750 yen per tsubo per month as of March 31, 2024.
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