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Office Transactions & Cap Rates in Fukuoka

41 transactions from J-REIT timely disclosuresLast updated: July 18, 2026 (refreshed weekly)

Transactions

41

Median CR (last 12 months)

3.80%

CR range (last 3 years)

3.4–5.4%

Avg. price (all time)

63.3×¥100M

5 Office transactions in Fukuoka were disclosed in the last 12 months, with a median cap rate of 3.80%.

Cap rate trend (monthly median)

3.0%3.5%4.0%4.5%5.0%2024202520262023/09: 3.80%(1)2024/03: 3.80%(1)2024/05: 4.70%(3)2024/08: 4.20%(1)2025/11: 3.40%(1)2026/03: 3.80%(2)2026/04: 4.00%(1)4.00%4.70%3.40%

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

Breakdown by ward

WardTransactionsCap rate
福岡市博多区284.30%
福岡市中央区64.45%
福岡市早良区24.30%
福岡市東区2
福岡市南区1

All transactions (41)

DatePropertyWardPriceCap rateAgeSource
2026/04JRE Tenjin Crystal Building中央区33.1×¥100M4.00%33REIT-IR
2026/03JRE Tenjin Crystal Building中央区33.1×¥100M4.00%33REIT-IR
2026/03L.Biz Gofukucho博多区17.4×¥100M3.60%3TDnet
2025/11Fukuoka K Square博多区148.7×¥100M3.40%2REIT-IR
2025/08FJ Private REIT Investment Corporation Investment Units博多区5.1×¥100MREIT-IR
2025/03AXION OTEMON PREMIUM博多区18.0×¥100MREIT-IR
2025/02Tenjin North Front Building博多区15.9×¥100MREIT-IR
2024/08Tenjin North Front Building中央区3.2×¥100M4.20%14REIT-IR
2024/05Ichigo Hakata Gion Building博多区17.0×¥100M4.50%15REIT-IR
2024/05Ichigo Hakata Meiji Dori Building博多区30.8×¥100M5.40%17REIT-IR
2024/05Ichigo Tenjin North Building中央区15.5×¥100M4.70%39REIT-IR
2024/03FORECAST Hakata Gofukucho博多区17.5×¥100M3.80%3REIT-IR
2023/09Hakata FD Business Center博多区141.0×¥100M3.80%0REIT-IR
2023/06Fukuoka博多区148.0×¥100MREIT-IR
2023/06Fukuoka K Square博多区148.7×¥100M1REIT-IR
2023/05NMF Tenjin Minami Building中央区30.4×¥100M5.00%15REIT-IR
2023/01Fukuoka Kensetsu Kaikan博多区27.5×¥100M4.40%26REIT-IR
2023/01Ichigo Hakata Station Higashi Building博多区35.0×¥100M4.50%36REIT-IR
2022/03Hakata Chikushi-dori Center Building博多区43.2×¥100M4.30%30REIT-IR
2022/03Hakata FD Business Center博多区141.0×¥100M0REIT-IR
2021/09Hitachi Kyushu Building早良区100.0×¥100M4.30%25REIT-IR
2021/09Hakata Reizeimachi Building博多区27.0×¥100M3.90%1REIT-IR
2021/08Urban Center Hakata博多区28.7×¥100M4.10%1REIT-IR
2021/08Hitachi Kyushu Building早良区100.0×¥100M26REIT-IR
Show transactions older than 5 years (17)
DatePropertyWardPriceCap rateAgeSource
2020/09URBAN CENTER Hakata (Former) Hakata Station Minami 3-chome Office Plan184.0×¥100M0REIT-IR
2020/05Higashi-Hie Business Center III博多区32.9×¥100M1REIT-IR
2018/12Hakata Station Higashi 113 Building博多区14.5×¥100M32REIT-IR
2018/12博多駅東113ビル(準共有持分49%)14.0×¥100M30REIT-IR
2018/07Hakataekihigashi 113 Building博多区14.0×¥100M32REIT-IR
2018/03Higashi-Hie Business Center II博多区42.0×¥100M3REIT-IR
2017/12Proceed Hakozaki-miya I東区0.8×¥100M27REIT-IR
2017/12Proceed Hakozaki-miya II東区0.9×¥100M27REIT-IR
2017/09Proceed Ohashi南区2.6×¥100M20REIT-IR
2017/04Hakataeki East Place博多区22.9×¥100M4.90%31REIT-IR
2017/03Hakata Station East Place博多区22.9×¥100M32REIT-IR
2016/07Amusement Media Gakuin Honkan中央区614.0×¥100M5.20%REIT-IR
2016/04Hakata-eki Higashi 113 Building博多区18.9×¥100M5.00%29REIT-IR
2009/03Higashi-Hie Business Center博多区59.0×¥100M1REIT-IR
2006/03Daih Dori Business Center博多区70.0×¥100M5REIT-IR
2005/09Sanix Hakata Building博多区44.0×¥100M5REIT-IR
2004/11Gofukumachi Business Center博多区112.0×¥100M2REIT-IR

FAQ

What is the average cap rate for Office in Fukuoka?

The median cap rate across 5 J-REIT disclosed transactions in the last 12 months is 3.80% (as of July 18, 2026, appraisal NOI yield basis).

What is the data source?

Disclosure PDFs from TDnet (Tokyo Stock Exchange timely disclosure) and official J-REIT IR pages. Every record links to its source.

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