Nakanishi Kogyo Acquires Office Building in Osaka’s Kitahama

Nakanishi Kogyo acquired Tsunenari Building, an office building in Kitahama 2-chome, Chuo Ward, Osaka, in March 2026. The seller was an individual.

The property is a nine-story office building with one basement level, completed in 1997, with a typical floor plate of approximately 31 tsubo (approx. 1,100 sq. ft.). It is located a two-minute walk from Yodoyabashi Station on the Osaka Metro Midosuji Line and Keihan Main Line, and a two-minute walk from Kitahama Station on the Osaka Metro Sakaisuji Line and Keihan Main Line. The property is in an area along the Tosabori River where office buildings are concentrated.

In the Yodoyabashi and Kitahama area, functional renewal along Midosuji Avenue has been progressing, including the completion of Yodoyabashi Station One, a large-scale mixed-use office property directly connected to the station, in 2025, and Yodoyabashi Gate Tower in January 2026.（see related article:Yodoyabashi Gate Tower Completed, Set to Anchor Osaka’s Midosuji Gateway）The vacancy rate for office buildings within a five-minute walk of Yodoyabashi Station and Kitahama Station with typical floor plates of at least 20 tsubo but less than 50 tsubo declined from 5.71% in April 2023 to 3.07% in April 2026, matching the level of large-scale buildings and indicating rising worker and visitor demand across the area, according to an editorial department survey based on estie office research.

The buyer, Nakanishi Kogyo, is a construction company headquartered in Osaka Prefecture’s Osakasayama City and primarily handles new construction of detached houses. The acquisition appears to be an investment in income-producing real estate aimed at capturing stable rental income in addition to its core residential construction business.

Key Facts

• Property Name: Tsunenari Building
• Buyer: Nakanishi Kogyo Co., Ltd.
• Seller: Individual
• Location: 1-21 Kitahama 2-chome, Chuo Ward, Osaka City, Osaka Prefecture
• Nearest Stations: Two-minute walk from Yodoyabashi Station on the Osaka Metro Midosuji Line and Keihan Main Line / Two-minute walk from Kitahama Station on the Osaka Metro Sakaisuji Line and Keihan Main Line
• Completion: October 1997
• Number of Floors: 9F / B1; steel-frame and steel-reinforced concrete structure
• Area: Gross Floor Area: approximately 302 tsubo (approx. 10,700 sq. ft.) / Typical Floor Plate: approximately 31 tsubo (approx. 1,100 sq. ft.)
• Elevators: 1