[Nagoya Edition] [Latest Office Market Report Published] Office Vacancy Rate Decreases for 4 Consecutive Months

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President: Shojiro Fukushima) has published the "Office Market April 2026 Issue Nagoya," which compiles market data for large-scale buildings in 6 major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka), as well as the Nagoya City office rental situation for March 2026 (vacancy rate & current vacant area: all scales, asking rent & asking area: all scales, vacancy rate by scale, vacancy rate in major areas*1: all scales). *1: Major areas = Nagoya City Meieki area, Sakae area, Fushimi area *Survey point: As of the end of March 2026 and December 31 of each year *This release and published data can also be viewed from the following URL: https://www.sanko-e.co.jp/data/ Branch Manager's Perspective The first quarter of 2026 was the peak of this year's supply volume, with two large-scale buildings, "The Landmark Nagoya Sakae" and "Sakae Torrid Square," completed in March. Three more large-scale buildings are scheduled for completion this year, but tenant attraction is generally proceeding smoothly. Even in buildings under construction scheduled for completion in 2027, which is more than a year away, tenant informal offers are progressing, showing an anticipation of demand. (Nagoya Branch Manager Tetsuya Senoo) Nagoya City All Scale Buildings Vacancy Rate & Potential Vacancy Rate Vacancy Rate Decreases for 4 Consecutive Months, "Meieki" in the 1% Range for the First Time Since March 2020 The vacancy rate was 3.03%, down 0.08 points from the previous month, decreasing for four consecutive months. A return to the 2% range, not seen since June 2020, is imminent. Vacancy absorption is progressing mainly in new and relatively new buildings in major areas due to relocations for internal expansion or building grade improvement. By area, "Meieki" dropped to the 1% range for the first time since March 2020. The potential vacancy rate was 4.92%, down 0.06 points from the previous month. While office demand remains active, the sense of a shortage is intensifying further for new and relatively new buildings in major areas.