[Osaka Edition] [Latest Office Market Report Released] Office Vacancy Rate Decreases for 6 Consecutive Months

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Shojiro Fukushima) will release the "Office Market July 2026 Osaka" report, which summarizes the office rental situation in Osaka City for June 2026 (vacancy rate & available space: large buildings; asking rent & available space: large buildings; vacancy rate by size; vacancy rate in 3 major wards*1: large buildings) and market data for large buildings in six major cities nationwide (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka).

*1: 3 Major Wards = Kita-ku, Chuo-ku, Nishi-ku, Osaka City

*Survey Period: As of the end of June 2026 and as of December 31st 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

All three large buildings completed this year are progressing smoothly with pre-leasing. Furthermore, the supply volume for 2027-2028 is expected to remain at a very low level. Against a backdrop of strong scarcity, both new and renewal rents continue to rise. As a result of tenants restructuring their office spaces, new vacancies are beginning to appear in existing buildings. This is expected to broaden the options for tenants considering relocation. (Yasushi Morimoto, Osaka Branch Manager)

Osaka City Large Buildings Vacancy Rate & Potential Vacancy Rate

Vacancy Rate Decreases for 6 Consecutive Months, Falling to the 1% Range for the First Time Since November 2020

The vacancy rate decreased by 0.05 percentage points from the previous month to 1.97%, marking the sixth consecutive month of decline and falling into the 1% range for the first time since November 2020. Vacancy absorption is progressing due to relocations for consolidation and location improvement, primarily in the Umeda area. The potential vacancy rate increased by 0.08 percentage points from the previous month to 3.77%.

Office demand continues to be driven by positive demand such as expansion, but the sense of scarcity is intensifying, and the supply-demand balance remains tight.

<Vacancy Rate & Potential Vacancy Rate>

Osaka City Large Buildings Asking Rent & Available Space

Asking Rent Rises for 9 Consecutive Months, Continuing to Set New Highs Since 2000

The asking rent increased by 238 yen/tsubo from the previous month to 20,921 yen/tsubo. Rents have risen for nine consecutive months, continuing to set new record highs since 2000.

<Asking Rent & Available Space>

<Osaka City Vacancy Rate by Size>

<Osaka City Large Buildings 3 Major Wards 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.