[Sendai Edition] [Latest Office Market Report Released] Office Vacancy Rate Remains Largely Unchanged from Previous Month

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Shojiro Fukushima) has released "Office Market July 2026 Sendai," which compiles market data for Sendai City's office rental situation (vacancy rate & available area: all sizes; asking rent & available area: all sizes; vacancy rate by size; vacancy rate in major areas*1: all sizes) for June 2026, as well as market data for large buildings in six major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka).

*1: Major areas = Sendai Station West Area, Station East Area

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

*This press release and public data can also be viewed at the following URL: https://www.sanko-e.co.jp/data/

Branch Manager's Perspective

Sendai City had previously capped subsidies for redevelopment in the city center at 25% of total project costs, but this cap was removed in April of this year. Furthermore, while redevelopment around the "Denryoku Building" in the station west area had been delayed due to soaring construction costs, it has been reported that the redevelopment association, the project owner, could be established as early as the winter of 2026. The removal of the cap appears to have served as a catalyst for redevelopment plans to move forward, and future development is anticipated. (Yoichi Sekine, Manager, Sendai Branch)

Sendai City All-Size Buildings Vacancy Rate & Potential Vacancy Rate

Vacancy Rate Largely Unchanged from Previous Month; Office Demand Centered on Small Area Sizes

The vacancy rate was 5.11%, an increase of 0.01 percentage points from the previous month, remaining largely unchanged. While vacancies arose from downsizing or partial lease terminations, absorption of vacancies also progressed in surrounding areas, resulting in only minor fluctuations. The potential vacancy rate decreased by 0.09 percentage points from the previous month to 6.69%.

Office demand continues to be centered on small area sizes, with many cases of in-building expansions or relocations. As large-scale demand is limited, new and recently constructed buildings continue to take time to attract tenants.

<Vacancy Rate & Potential Vacancy Rate>

Sendai City All-Size Buildings Asking Rent & Available Area

Asking Rent Rises for the Third Consecutive Month; Minor Fluctuations Continue

The asking rent was 12,163 yen per tsubo, an increase of 15 yen per tsubo from the previous month. This marks the third consecutive month of increase, but it remained largely unchanged from the previous month, with rents continuing to fluctuate slightly around 12,000 yen per tsubo.

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<Sendai City Vacancy Rate by Size>

<Sendai City All-Size Buildings Major Area Vacancy Rate>

<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.

Sanko Estate Co., Ltd. (established May 17, 1977) provides comprehensive support for corporate office strategies. We respond to a wide range of office-related needs, from support and brokerage for selecting rental office buildings to verification and proposals for optimal workplaces, and provision of management functions essential for project execution.