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These are the trends in the vacancy rate and rents.
The vacancy rate continued to remain low, at 0.6% at the end of March 2020, on the back of steady demand.
The average monthly rent was 26,790 yen per tsubo at the end of March 2020, a rise of approximately 2,300 yen (9.3%) from the end of March 2019.
The rise reflects renewals of contracts and revisions of rents for existing offices and the opening of new properties, including Shibuya Solasta, Shibuya Fukuras, and Jimbocho North Tokyu Building.
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