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Here are the trends in the vacancy rate and rents.
The vacancy rate continued to remain low, at 0.4% at the end of March 2019, on the back of steady demand. The vacancy rate is calculated based on the number of occupancies.
The average monthly rent was 24,500 yen per tsubo at the end of March 2019, a rise of 90 yen from the end of March 2018 and, more recently, a rise of 170 yen from the end of December 2018. This was thanks to steady progress in price increases through the revision of contracts for existing buildings.
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