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Next, I would like to talk about vacancy rates. Our overall vacancy rate was 0.9% at the end of September 2016, remaining at a low level.
The vacancy rate of the Company shows actual occupancy.
The average rent for the Company’s offices was ¥23,780 per tsubo per month at the end of September 2016, which remained almost flat from the level as of the end of March 2016, due in part to portfolio replacement. However, revenue from rents in existing buildings has steadily improved due to the continual progress of rent increases associated with contract extension.
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