This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
Ichigo Office Portfolio Occupancy (Flash Data) - April 2024
March 2024
April 2024
Difference
(Final: A)
(Flash: B)
(B) - (A)
Total
95.7%
96.6%
+0.9%
By Asset
Office
95.5%
96.5%
+1.0%
Type
Other
100%
100%
-
Central Tokyo
93.4%
94.9%
+1.5%
Tokyo
Metropolitan
96.6%
98.0%
+1.4%
By Area
Area
Four Major
97.0%
97.0%
-
Regional Cities
Other Regional
99.3%
99.3%
-
Cities
No. of Assets
88
87
-1
No. of Tenants
1,010
1,006
-4
Leasable Area
269,108.19m2
266,900m2
Leased Area
257,412.41m2
257,800m2
Notes:
The above are unaudited month-end figures.
Leasable Area is the total area of space available for leasing, and may have small adjustments due to renovations or variations in rental contract terms.
Central Tokyo refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa Wards. Tokyo Metropolitan Area refers to Tokyo (excluding the six wards above), Kanagawa, Chiba, and Saitama Prefectures. Four Major Regional Cities refers to Osaka, Nagoya, Fukuoka, and Sapporo.
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Explanation of Changes
Occupancy increased for Office, Central Tokyo, and Tokyo Metropolitan Area, due to new tenants at the Ichigo Sasazuka Building and Ichigo Omiya Building, offsetting departing tenants at the Ichigo Marunouchi Building and Ichigo Ginza 612 Building.
Number of assets, number of tenants, and leasable area decreased due to the sale of the Ichigo Ofuna Building on April 26, 2024.
For details on the asset sale, please refer to the April 26, 2024 release "Sale of Two Portfolio Assets (Ichigo Ofuna Building, Ichigo Kudan 2 Chome Building)."
As part of its efforts to increase tenant satisfaction and drive earnings via value-add capex, Ichigo Office recently completed renovating the common areas and restrooms of the Ichigo Kumamoto Building to enhance aesthetics and tenant convenience.
Ichigo Office will continue to increase tenant satisfaction and the competitiveness of its assets to drive higher value for its shareholders.
Ichigo Kumamoto Building
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Ichigo Office REIT Investment Corporation published this content on
08 May 2024 and is solely responsible for the information contained therein. Distributed by
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08 May 2024 06:06:04 UTC.
Ichigo Office REIT Investment Corp is a real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in office buildings in central Tokyo, other metropolitan areas and other major cities nationwide. Its property portfolio includes Ichigo Nishisando Building, Ichigo Mita Building, Ichigo Uchikanda Building, Ichigo Shin-Yokohama Building, Ichigo Nishi Ikebukuro Building, Ichigo Sakae Building, Ichigo Marunouchi Building, and among others. The asset manager of the Fund is Ichigo Investment Advisors Co Ltd.
ICHIGO OFFICE REIT INVESTMENT CORPORATION 
