[Mitsubishi Estate Real Estate Services] Releases 'Area Market Report / Kansai' May 2026 Issue
Mitsubishi Estate Real Estate Services has released the May 2026 issue of its 'Area Market Report / Kansai,' covering real estate and macroeconomic indicators for the Kansai region to support investor decision-making.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 22:00
- 🔍 Collected: May 21, 2026 at 13:31
- 🤖 AI Analyzed: May 22, 2026 at 00:58 (11h 26m after Collected)
Mitsubishi Estate Real Estate Services Co., Ltd. has released the latest edition (published May 2026) of its 'Area Market Report / Kansai,' which comprehensively covers the real estate market and macroeconomic indicators in the Kansai region.
This report is intended to support the strategic decision-making of investors and operators by providing a comprehensive quarterly report on the market conditions in the Kansai area.
Key topics and excerpts from the May 2026 report are as follows:
1. Real Estate Sales Market
Official Land Price Trends:
Although prices fell temporarily during the COVID-19 pandemic, they are now on an upward trend for all land use types in Osaka, Kyoto, and Kobe. In particular, commercial land in Osaka, commercial and industrial land in Kyoto, and industrial land in Kobe show notable increases.
New Condominiums:
Average price per tsubo in the Kinki region is on an upward trend, exceeding 3 million yen in 2025, following 2024, and rising further. The average exclusive area has remained flat at the 60-square-meter level since 2017.
2. Real Estate Rental Market
Office Market:
The office vacancy rate in Osaka's three major wards and Kobe has been on a downward trend since the beginning of 2026 (Osaka as of the end of March 2026: 3.34%). Meanwhile, asking rents in Osaka's three major wards and Kobe are on an upward trend, with Kobe reaching a record high of 13,347 yen per tsubo in February 2026, the highest since April 2022.
Condominium Market:
The rent index is rising for all types (single, compact, family) in both Osaka and Kyoto, remaining at high levels.
3. Macroeconomic Indicators
Construction Cost Index:
The construction cost index (construction cost) in Osaka has been on an upward trend since 2021. The increase in residential (wooden) buildings is particularly notable, significantly outperforming other asset categories as of December 2025.
Factory Location Trends:
The number of factory locations in the Kinki region increased in all five prefectures. Hyogo Prefecture has had the highest number of factory locations since 2010.
[Overview of 'Area Market Report / Kansai']
Publication Cycle: Quarterly (February, May, August, November)
Main Content: Real Estate Sales (Official Land Prices, Number of Transactions, Expected Investment Yield, Price per Tsubo for New Condos, etc.), Real Estate Rental (Office Vacancy Rate/Asking Rents, Condo Rent Index), Macroeconomics (Construction Cost Trends, Business Condition Index DI, Accommodation Occupancy Rate, Factory Location Trends, etc.)
This report is intended to support the strategic decision-making of investors and operators by providing a comprehensive quarterly report on the market conditions in the Kansai area.
Key topics and excerpts from the May 2026 report are as follows:
1. Real Estate Sales Market
Official Land Price Trends:
Although prices fell temporarily during the COVID-19 pandemic, they are now on an upward trend for all land use types in Osaka, Kyoto, and Kobe. In particular, commercial land in Osaka, commercial and industrial land in Kyoto, and industrial land in Kobe show notable increases.
New Condominiums:
Average price per tsubo in the Kinki region is on an upward trend, exceeding 3 million yen in 2025, following 2024, and rising further. The average exclusive area has remained flat at the 60-square-meter level since 2017.
2. Real Estate Rental Market
Office Market:
The office vacancy rate in Osaka's three major wards and Kobe has been on a downward trend since the beginning of 2026 (Osaka as of the end of March 2026: 3.34%). Meanwhile, asking rents in Osaka's three major wards and Kobe are on an upward trend, with Kobe reaching a record high of 13,347 yen per tsubo in February 2026, the highest since April 2022.
Condominium Market:
The rent index is rising for all types (single, compact, family) in both Osaka and Kyoto, remaining at high levels.
3. Macroeconomic Indicators
Construction Cost Index:
The construction cost index (construction cost) in Osaka has been on an upward trend since 2021. The increase in residential (wooden) buildings is particularly notable, significantly outperforming other asset categories as of December 2025.
Factory Location Trends:
The number of factory locations in the Kinki region increased in all five prefectures. Hyogo Prefecture has had the highest number of factory locations since 2010.
[Overview of 'Area Market Report / Kansai']
Publication Cycle: Quarterly (February, May, August, November)
Main Content: Real Estate Sales (Official Land Prices, Number of Transactions, Expected Investment Yield, Price per Tsubo for New Condos, etc.), Real Estate Rental (Office Vacancy Rate/Asking Rents, Condo Rent Index), Macroeconomics (Construction Cost Trends, Business Condition Index DI, Accommodation Occupancy Rate, Factory Location Trends, etc.)
FAQ
What is the publication frequency of the 'Area Market Report / Kansai'?
It is published four times a year, in February, May, August, and November.
What is the office vacancy rate in the three main wards of Osaka City as of March 2026?
It is 3.34%.
What is the trend in office rental rates in Kobe City?
It has been on an upward trend, reaching 13,347 yen per tsubo in February 2026, recording the highest value since April 2022.
What is the trend in the average price per tsubo of new condominiums in the Kinki region?
It has continued to rise, exceeding 3 million yen per tsubo in both 2024 and 2025.
What are the characteristics of the factory location trends in the Kinki region?
There has been an increase in all two prefectures and three counties, with Hyogo Prefecture having the highest number of locations since 2010.