[Sapporo Edition] Latest Office Market Report Announced: Office Vacancy Rate Shows Slight Increase for Second Consecutive Month

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; Representative Director and President: Shojiro Fukushima) announces the publication of "Office Market April 2026 Sapporo," which compiles market data on the Sapporo office rental situation for March 2026 (vacancy rate & current vacant area: all sizes, asking rent & asking area: all sizes, vacancy rate by size, vacancy rate in major areas*1: all sizes) and market data for large buildings in Japan's six major cities (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka). *1: Major areas = Sapporo South Exit Area, North Exit Area, Odori Area *Survey period: As of end of March 2026 and as of December 31st each year This release and public data can also be viewed at the following URL: https://www.sanko-e.co.jp/data/ ## Branch Manager's Perspective In the South Exit area, "THE VILLAGE SAPPORO" is scheduled for completion in April. This is a highly-rated large-scale building directly connected to the Sapporo Ekimae-dori Underground Walkway (Chikaho), featuring a shared lounge on the second floor. WeWork has announced its first opening in Hokkaido, with viewings also scheduled. The market is paying close attention, and tenant attraction is expected to progress with the completion of the building. (Sapporo Branch Manager: Megumi Takiguchi) ## Sapporo City Large Building Vacancy Rate & Potential Vacancy Rate ### Vacancy Rate Shows Slight Increase for Second Consecutive Month; "South Exit" Reaches 2% Range for First Time Since April 2016 The vacancy rate increased by 0.10 points from the previous month to 3.40%, a slight rise from the previous month. Vacancies due to relocation to company-owned buildings and secondary vacancies from tenants moving to new buildings have become current vacancies, serving as the main factors for the increase. By area, the "South Exit" area's vacancy rate has risen to the 2% range for the first time since April 2016. The potential vacancy rate remained flat from the previous month at 4.84%. New buildings tend to take time to attract tenants, and there is an increasing number of cases where campaigns such as free rent are being implemented. ##