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Nagoya, Aichi — Office Cap Rates & Price per Sqm

20 transactions from J-REIT timely disclosuresLast updated: September 21, 2026 (refreshed weekly)

Transactions

20

Median CR (last 12 months)

3.70%

CR range (last 3 years)

3.1–4.6%

Avg. price (all time)

59.4×¥100M

5 Office transactions in Nagoya, Aichi were disclosed in the last 12 months, with a median cap rate of 3.70%. That is 10bps lower than a year earlier.

Cap rate trend (monthly median)

3.0%3.5%4.0%4.5%5.0%2024202520262023/11: 4.20%(1)2024/10: 4.60%(1)2024/12: 3.70%(1)2025/03: 3.80%(1)2026/02: 3.70%(1)2026/03: 3.50%(3)2026/07: 4.30%(1)4.30%4.60%3.50%

Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.

Breakdown by ward

WardTransactionsCap rate
名古屋市中区154.05%
名古屋市中村区53.70%

All transactions (22)(2 scheduled, excluded from statistics)

DatePropertyWardPriceCap rateAgeSource
2027/03ScheduledNagoya Fushimi Square Building中区40.9×¥100M4.30%40REIT-IR
2027/02ScheduledNagoya Fushimi Square Building中区23.2×¥100M4.30%40REIT-IR
2026/07Nagoya Fushimi Square Building中区16.0×¥100M4.30%39REIT-IR
2026/03Enishio Nagoya (10% undivided interest)中村区34.1×¥100M3.10%REIT-IR
2026/03Kamimaezu KD Building中区33.2×¥100M4.40%38REIT-IR
2026/03Nagoya Heiwa Building中区51.1×¥100M3.50%22REIT-IR
2026/02Aqua Town NAYABASHI中村区60.0×¥100M3.70%20REIT-IR
2025/03MI Terrace Nagoya Aoi中区45.3×¥100M3.80%34REIT-IR
2024/12JMFビル名古屋栄01中区96.9×¥100M3.70%16REIT-IR
2024/10JPR Nagoya Fushimi Building中区40.5×¥100M4.60%33REIT-IR
2023/11KDX名古屋栄ビル中区60.5×¥100M4.20%14REIT-IR
2023/10Urbanet Fushimi Building中区87.5×¥100M20REIT-IR
2023/04Stage Nishiki中区21.0×¥100M4.00%32REIT-IR
2023/04東松ビル中区173.0×¥100M4.00%28REIT-IR
2023/04NMF Nagoya Yanagibashi Building中村区44.1×¥100M4.60%32REIT-IR
2022/11Ichigo Marunouchi South Building中区17.5×¥100M4.10%34REIT-IR
2022/06Sakae Center Building中区40.0×¥100M4.00%REIT-IR
2022/03Nagoya Misono Building中区26.3×¥100M4.70%31REIT-IR
Show transactions older than 5 years (4)
DatePropertyWardPriceCap rateAgeSource
2020/12パシフィックスクエア名古屋錦中区68.0×¥100M3.90%12REIT-IR
2020/10The Square中区10.8×¥100M4.40%17REIT-IR
2020/10名古屋三井ビルディング本館中村区130.5×¥100M4.20%REIT-IR
2020/10名古屋三井ビルディング新館中村区132.0×¥100M3.70%33REIT-IR

FAQ

What is the average Office cap rate in Nagoya, Aichi?

The median cap rate across 5 J-REIT disclosed transactions in the last 12 months is 3.70% (as of September 21, 2026, appraisal NOI yield basis).

What is the data source?

Timely-disclosure PDFs published on each J-REIT official IR page. Every record links to its source.

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