Latest Office Market Report Announced: Office Vacancy Rate Slightly Rises for Second Consecutive Month

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Shojiro Fukushima) announces the "Office Market April 2026" report, which compiles market data for large-scale buildings*1 in Tokyo's 5 central wards (Chiyoda-ku, Chuo-ku, Minato-ku, Shinjuku-ku, Shibuya-ku) and 6 major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka) for March 2026.

*1: Large-scale building = Rental office building with a floor area of 200 tsubo or more per floor.

*Survey period: As of end of March 2026 and as of December 31 each year.

**Tokyo's 5 Central Wards Large-Scale Building Vacancy Rate & Potential Vacancy Rate**

<u>Vacancy Rate Slightly Rises for Second Consecutive Month, Remains at Low Level in the Early 1% Range</u>

The vacancy rate was 1.15%, an increase of 0.05 points from the previous month. It slightly increased for the second consecutive month but remains at a low level in the early 1% range. While several new buildings were completed with vacancies, the absorption of significant vacant space progressed, mainly in new and relatively new buildings in Minato-ku, through consolidation relocations and in-building expansions. The potential vacancy rate was 2.61%, a decrease of 0.02 points from the previous month, remaining almost flat.