Parking lease cancellations and a higher vacancy rate due to office consolidation and downsizing
First written in FY2021-Q2. 6 of 10 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1MitigatedAnnual report
「In the real estate industry related to the Group's parking business, vacancy rates continued to improve, supported by firm demand, including the return to offices」
Vacancy rates continued to improve against a backdrop of demand, including the return to offices, and the real estate environment surrounding parking demand moved toward easing. - FY2024-Q2MitigatedAnnual report
「In the real estate industry related to the parking business, Tokyo's previously elevated vacancy rate showed signs of recovering to the 5% range」
Tokyo's previously elevated vacancy rate recovered to the 5% range, easing concerns about parking demand arising from rising office vacancy rates. - FY2024-Q1WorsenedAnnual report
「In the real estate industry related to the Group's parking business, elevated vacancy rates have remained high」
The assessment changed from the previous description of declining vacancy rates and firm demand to one stating that elevated vacancy rates continued to remain high. - FY2023-Q3MitigatedAnnual report
「In the real estate industry related to the Group's parking business, vacancy rates are trending downward amid an increase in completions of large newly built office buildings, and demand remains firm.」
The disclosure stated that office vacancy rates were trending downward and parking demand remained firm. The situation shifted from rising vacancy rates due to office consolidation and downsizing toward improvement. - FY2023-Q1MitigatedAnnual report
「In the real estate industry related to the Group's parking business, the decline in office rents has narrowed and the increase in vacancy rates has also begun to stabilise.」
The disclosure described a narrowing decline in office rents and a stabilisation in the increase in vacancy rates, indicating that the deterioration in the environment due to office consolidation and downsizing was easing. - FY2022-Q3MitigatedAnnual report
「In the real estate industry, vacancy rates had been rising due to office consolidation and downsizing resulting from measures to prevent the spread of the infection, but they have begun to stabilise at a certain level.」
Although vacancy rates continued to rise due to office consolidation and downsizing, the Company indicated that they had stabilised at a certain level. - FY2022-Q1MitigatedAnnual report
「The real estate industry continues to experience rising vacancy rates due to office consolidation and downsizing, although the pace has slowed.」
Vacancy rates continued to rise due to office consolidation and downsizing, but the pace slowed. - FY2021RestatedAnnual report
「The real estate industry was affected by cancellations resulting from office consolidation and downsizing, and vacancy rates rose.」
The Company reconfirmed that parking contract cancellations and elevated vacancy rates accompanying office consolidation and downsizing were continuing. - FY2021-Q3RestatedAnnual report
「The real estate industry experienced the impact of cancellations resulting from office consolidation and downsizing, causing vacancy rates to rise.」
The Company reconfirmed that parking contract cancellations and elevated vacancy rates accompanying office consolidation and downsizing were continuing. - FY2021-Q2First statedAnnual report
「The real estate industry experienced the impact of cancellations resulting from office consolidation and downsizing, causing vacancy rates to rise.」
The disclosure stated that parking contract cancellations and rising vacancy rates accompanying office consolidation and downsizing had actually emerged as environmental changes in the real estate industry.