[Nagoya Edition] [Latest Office Market Report Announced] Office Vacancy Rate Rises for the First Time in 5 Months, but Movement is Small

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Shojiro Fukushima) announced the 'Office Market May 2026 Nagoya' report, which summarizes the Nagoya City office rental situation for April 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-scale buildings in six major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka). *1: Major areas = Nagoya Station area, Sakae area, Fushimi area *Survey period: As of the end of April 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 The two large-scale buildings, 'The Landmark Nagoya Sakae' and 'Sakae Torid Square,' completed in March, are nearing their tenant attraction targets. While the occurrence of secondary vacancies from tenants relocating to new buildings remains low and the feeling of scarcity for available space is further intensifying, inquiries for the 'Meiji Yasuda Nagoya Ekimae Building,' scheduled for completion in July, are increasing. It is attracting demand for improved building grade and location, and consolidation relocations from surrounding areas, and is expected to be completed with a high occupancy rate. (Tetsuya Senoo, Nagoya Branch Manager) Nagoya City All-Size Buildings Vacancy Rate & Potential Vacancy Rate Vacancy Rate Rises for the First Time in 5 Months, but Movement is Small; Limited Available Space for Large Floor Areas The vacancy rate was 3.08%, an increase of 0.05 points from the previous month. While new buildings with vacancies were completed, the absorption of vacant space progressed due to the opening of branch offices and relocations aimed at improving location. Although the vacancy rate rose for the first time in five months, the movement remained small. The potential vacancy rate was 4.95%, an increase of 0.03 points from the previous month. Office demand is mainly positive and continues to be active, with available space particularly limited for large floor areas. Nagoya City All-Size Buildings Asking Rent & Asking Area Asking Rent Decreases for the First Time in 8 Months, Hovering Around 13,000 Yen/Tsubo The asking rent was 12,974 yen/tsubo, a decrease of 33 yen/tsubo from the previous month. Although it decreased for the first time in eight months, the movement remained small, and rents are hovering around 13,000 yen/tsubo. Sanko Estate HP: https://www.sanko-e.co.jp/ About Sanko Estate Co., Ltd. Sanko Estate Co., Ltd. (established May 17, 1977) comprehensively supports corporate office strategies. From supporting the selection and brokerage of rental office buildings to verifying and proposing optimal workplaces, and providing management functions indispensable for project execution, we widely respond to all office-related needs.