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![Vacancy Rate and Rent [Parent company]](../images/11.jpg)
Let me now describe the current situation of the Leasing of Real Estate.
The vacancy rate of the Company, which shows the actual state of occupancy, remained low, at 2.6% at the end of September.
The office floor area offered for leasing, which fell to about 5,800 tsubo at the end of March 2010, rose again to 8,100 tsubo at the end of September.
While the number of cancellations reported to the Company remained small, customers took longer to conclude a leasing agreement, given competition from competing buildings.
Since the Company will open new office buildings, the vacancy rate is expected to rise temporarily. However, we expect it to remain in a certain range.
The average rent of the Company's offices was ¥23,510 per tsubo per month. |
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