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This slide is on vacancy rate and rents.
The vacancy rate as of June 30, 2024, was 3.7%.
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 99%, 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 1.0% as of June 30.
Average office rent exceeded 30,000 yen per tsubo to reach 30,240 yen as of June 30, 2024, in line
with the contribution of Shibuya Sakura Stage.
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