What was the office vacancy rate in Osaka City in March 2026?

The vacancy rate for large buildings was 2.38%, a decrease of 0.26 points from the previous month, marking the third consecutive month of decline.

What are the main reasons for the decrease in vacancy rates?

The main reasons are the absorption of large vacant areas in new buildings and strong demand for consolidation and relocation to company-owned or nearby buildings.

What is the outlook for the Osaka office market in the future?

Due to a lack of new supply exceeding 500 tsubo per floor, existing buildings with large floors are likely to attract more attention.

[Osaka Edition] [Latest Office Market Report Published] Office Vacancy Rate Declines for 3 Consecutive Months

Published Apr 9, 2026 12:00 AM ・ Updated Jun 14, 2026 8:28 AM ・ 4 min read ・ Source: PR TIMES

Sanko Estate's April 2026 report reveals Osaka City's large-scale office vacancy rate dropped to 2.38% in March, declining for a third consecutive month amid a growing shortage of large floor-plate properties.

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President: Shojiro Fukushima) will publish 'Office Market April 2026 Issue Osaka', compiling market data for large-scale buildings in six major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka) and Osaka City office rental conditions for March 2026 (vacancy rate & current vacant space: large-scale, asking rent & asking space: large-scale, vacancy rate by scale, vacancy rate in 3 major wards*1: large-scale).

*1: 3 major wards = Kita-ku, Chuo-ku, and Nishi-ku in Osaka City *Time of survey: As of the end of March 2026 and as of 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 'Yodoyabashi Gate Tower,' completed last December, has been absorbing demand from relocations from company-owned buildings and consolidating relocations from nearby areas, and tenant attraction is proceeding smoothly. Its huge floor plate of approximately 1,100 tsubo per floor appears to be a strong selling point. Since there are no plans to supply buildings with a floor area exceeding 500 tsubo per floor in the future, existing buildings with large floor plates are likely to attract attention once recruitment begins. (Yasushi Morimoto, Osaka Branch Manager)

Osaka City Large-scale Building Vacancy Rate & Potential Vacancy Rate Vacancy rate declines for 3 consecutive months; 'Chuo-ku' sees a significant drop of 0.7 points The vacancy rate was 2.38%, a decrease of 0.26 points from the previous month, declining for three consecutive months. The digestion of substantial vacant spaces in newly constructed buildings has been the main factor for the decline. By area, 'Chuo-ku' experienced a significant drop of 0.7 points compared to the previous month. The potential vacancy rate was 4.09%, a decrease of 0.22 points from the previous month. The sense of shortage is becoming even stronger, and an increasing number of tenants are postponing relocation plans because there are no properties that meet their desired conditions.

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Source: PR TIMES
Category: Survey

[Osaka Edition] [Latest Office Market Report Published] Office Vacancy Rate Declines for 3 Consecutive Months

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