Nagoya Office Market Report: Vacancy Rate Dips Slightly
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87/100
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10
AI Summary (NQ-processed)
Sanko Estate released the May 2026 office market report for Nagoya. The vacancy rate fell to 3.00%, nearing the 2% range, while asking rents rose to 13,076 yen/tsubo.
AI Analysis
Frequently Asked Questions
- Q: What is the office vacancy rate in Nagoya City as of the end of May 2026?
- A: It is 3.00%, a decrease of 0.08 points from the previous month.
- Q: What is the status of office rental rates in Nagoya City?
- A: They increased by 102 yen from the previous month to 13,076 yen per tsubo. The trend of staying around 13,000 yen per tsubo continues.
- Q: What is the outlook for the Nagoya office market in the future?
- A: Supply is expected to remain at low levels in the coming years, potentially limiting options for new and recently built buildings.
- Q: What is the current state of tenant demand?
- A: Demand is active across a wide range of industries, particularly for large-scale needs aimed at expansion, location improvement, and building upgrades.
- Q: What are the factors behind the decrease in vacancy rates in major areas?
- A: The decrease is due to the absorption of vacant space through in-building expansions and relocations associated with renovations in major areas.