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Next are changes in the vacancy rate and rent.
The vacancy rate remains at a low level of 0.3% at the end of September 2017 because of increased occupancy in the existing office buildings.
The vacancy rate is calculated based on the number of occupancies.
In addition, the average monthly rent rose 3.5%, or ¥840 from the end of March 2017 to ¥25,050 per tsubo at the end of September 2017. The rent increase for the existing buildings upon the renewal of the contract progressed steadily.
The rent revenue has steadily improved.
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