tokyu land corporation

Financial Highlights
FY2020 First Quarter (First Three Months) Ended June 30, 2020

 

TOP

Cover

Disclaimer

Contents

Overview of the FY2020 First Quarter (First Three Months) Ended June 30, 2020

FY2020 Q1 (First Three Months) Operating Results

Effects of the Coronavirus in FY2020 Q1 (First Three Months)

FY2020 Q1 (First Three Months) Segment performance

FY2020 Q1 (First Three Months) Summary of balance sheets

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

Development of Business to Address Social Issues

Download the PDF


Prev. Page Next Page

(2) Vacancy Rate and Rent

These are the trends in the vacancy rate and rents.

The vacancy rate continued to remain low, standing at 0.8% at the end of June 2020.

Despite reports of a rise in office contract cancellations, notices of contract cancellation within the Group were unchanged from the year-ago level.

The average monthly rent was 27,090 yen per tsubo at the end of June 2020, indicating an upward trend driven by rent increases on the renewal of contracts for existing buildings.

Moving forward, the average monthly rent is expected to rise further with the occupancy of Tokyo PortCity Takeshiba.