[Nagoya Edition] Latest Office Market Report Announced: Office Vacancy Rate Declines for 4 Consecutive Months

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Sanko Estate announced its March 2026 Nagoya office market report. The office vacancy rate in Nagoya declined for the fourth consecutive month to 3.03%, with the Meieki area recording a vacancy rate in the 1% range for the first time since March 2020. Active office demand and a shortage of new/recently built properties are highlighted.

Q: What is the direct answer?

Sanko Estate announced its March 2026 Nagoya office market report. The office vacancy rate in Nagoya declined for the fourth consecutive month to 3.03%, with the Meieki area recording a vacancy rate in the 1% range for the first time since March 2020. Active office demand and a shortage of new/recently built properties are highlighted.

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Source: https://prtimes.jp/main/html/rd/p/000000646.000118399.html | Date: Date unavailable

Sanko Estate Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President & CEO: Shojiro Fukushima) has published "Office Market April 2026 Nagoya," which compiles market data on the Nagoya City office leasing situation for March 2026 (vacancy rate & current vacant area: all sizes, asking rent & asking area: all sizes, vacancy rate by size, vacancy rate for major areas*1: all sizes) and market data for large buildings in Japan's six major cities (Tokyo, Sapporo, Sendai, Nagoya, Osaka, Fukuoka). *1: Major areas = Nagoya City Meieki area, Sakae area, Fushimi area *Survey period: As of end of March 2026 and as of December 31st each year ### Branch Manager's Perspective The first quarter of 2026 marks the peak of this year's supply, with two large buildings, "The Landmark Nagoya Sakae" and "Sakae Torid Square," completed in March. Three more large buildings are scheduled for completion this year, and tenant attraction is generally progressing smoothly. Even for buildings under construction scheduled for completion in 2027, more than a year away, tenant commitments are advancing, indicating a pre-emptive demand. (Tetsuya Senoo, Nagoya Branch Manager) ### Nagoya City All-Size Buildings Vacancy Rate & Potential Vacancy Rate Vacancy Rate Declines for 4 Consecutive Months, "Meieki" in the 1% Range for the First Time Since March 2020 The vacancy rate decreased by 0.08 points from the previous month to 3.03%, marking a decline for the fourth consecutive month. It is approaching the 2% range for the first time since June 2020. Vacancies are being absorbed primarily in new and recently built buildings in major areas, driven by expansions within existing buildings and relocations aimed at improving building grades. By area, "Meieki" saw its vacancy rate drop to the 1% range for the first time since March 2020. The potential vacancy rate was 4.92%, a decrease of 0.06 points from the previous month. While office demand continues to be active, the shortage of new and recently built buildings

[Nagoya Edition] Latest Office Market Report Announced: Office Vacancy Rate Declines for 4 Consecutive Months

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