[Osaka Edition] Latest Office Market Report Released: Office Vacancy Rate Declines for 5 Consecutive Months

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Shojiro Fukushima) has announced the 'Office Market June 2026 Osaka Edition,' which compiles office leasing conditions in Osaka City for May 2026 (vacancy rate & available space: large buildings; asking rent & available space: large buildings; vacancy rate by building size; vacancy rate in 3 major wards*1: large buildings) and market data for large buildings in six major cities across Japan (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka).

*1: 3 major wards = Kita-ku, Chuo-ku, and Nishi-ku, Osaka City *Survey period: As of the end of May 2026 and as of December 31 of each year *This release and published data can also be viewed at the following URL: https://www.sanko-e.co.jp/data/

Branch Manager's Perspective

At the 'TAISEI MIDOSUJI TOWER,' the redevelopment project of the 'Osaka Dai-ni Yuraku Building' scheduled for completion in July, tenant attraction is progressing smoothly, absorbing various demands such as expansion, consolidation, environmental improvement, and relocation from company-owned buildings. Generally, a building is considered to be on track if it has secured about 50% of tenants by the time of completion, but this building has already achieved a commitment rate of 60%. With new supply expected to remain low and a growing sense of scarcity, the building has achieved a high commitment rate even before completion. (Yasushi Morimoto, Osaka Branch Manager)

Osaka City Large Building Vacancy Rate & Potential Vacancy Rate

Vacancy Rate Declines for 5 Consecutive Months, Approaching Sub-2% Level for First Time Since November 2020

The vacancy rate fell by 0.15 percentage points month-on-month to 2.02%, marking the fifth consecutive monthly decline. The absorption of large blocks of vacant space in newly built buildings was the main factor behind the decrease. The vacancy rate is approaching the sub-2% level for the first time since November 2020. By area, the vacancy rate in 'Kita-ku' fell to the 1% range for the first time since May 2021. The potential vacancy rate fell by 0.22 percentage points month-on-month to 3.69%.

Tenant relocation activity continues to be driven by positive demand for expansion and other purposes.

<Vacancy Rate & Potential Vacancy Rate>

Osaka City Large Building Asking Rent & Available Space

Asking Rent Rises for 8 Consecutive Months, Continuing to Update Record Highs Since 2000

The asking rent increased by 256 yen per tsubo month-on-month to 20,683 yen per tsubo. Rents have risen for eight consecutive months, continuing to update the highest level since 2000.

<Asking Rent & Available Space>

<Osaka City Vacancy Rate by Building Size>

<Osaka City Large Building Vacancy Rate in 3 Major Wards>

<Vacancy Rate Trends (6 Major Cities, Large Buildings)>

<Asking Rent Trends (6 Major Cities, Large Buildings, Major Station Front Areas)>

Sanko Estate HP: https://www.sanko-e.co.jp/

About Sanko Estate Co., Ltd.

Founded on May 17, 1977, Sanko Estate Co., Ltd. provides comprehensive support for corporate office strategies. We respond to a wide range of office-related needs, from support in selecting and brokering rental office buildings, to verifying and proposing optimal workplaces, and providing essential management functions for project execution.