Fukuoka, Fukuoka — Office Cap Rates & Price per Sqm
21 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
21
Median deal cap rate (last 12 months)
4.00%
Deal cap rate range (last 3 years)
3.40–4.40%
Avg. price (all time)
¥4.63bn
Properties appraised
29
Median appraisal cap rate
3.90%
Appraisal cap rate range
3.4–5.1%
Period ends
2025/08–2026/07
Cap rates at transaction
From acquisition/disposition notices, as of each deal (dates vary by deal)
5 Office transactions in Fukuoka, Fukuoka were disclosed in the last 12 months, with a median cap rate of 4.00%.
Transaction cap rate trend (each deal + quarterly median)
Last 5 years. Grey dots are individual deals; the red line is the quarterly median. The segment into the quarter in progress (deals so far) is dashed. Use the number of dots to spot quarters with few deals. Calculated from cap rates disclosed in acquisition/disposition notices (appraisal NOI yield at the time of each deal). These differ from periodic appraisals (current valuations), shown separately below. See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| Hakata, Fukuoka | 13 | 4.00% |
| Chuo, Fukuoka | 6 | 4.00% |
| Sawara, Fukuoka | 2 | 4.35% |
All transactions (21)
| Ward | Source | |||||
|---|---|---|---|---|---|---|
| 2026.10 | Fukuoka Green Building | Sawara | ¥5.50bn | 4.40% | 1996 · 30 yrs | REIT-IR ↗ |
| 2026.04 | JRE Tenjin Crystal Building | Chuo | ¥3.32bn | 4.00% | 1993 · 33 yrs | REIT-IR ↗ |
| 2026.03 | JRE Tenjin Crystal Building | Chuo | ¥3.32bn | 4.00% | 1993 · 33 yrs | REIT-IR ↗ |
| 2026.03 | L.Biz Gofukucho | Hakata | ¥1.74bn | 3.60% | 2023 · 3 yrs | REIT-IR ↗ |
| 2025.11 | Fukuoka K Square | Hakata | ¥14.87bn | 3.40% | 2023 · 3 yrs | REIT-IR ↗ |
| 2024.08 | Tenjin North Front Building | Chuo | ¥6.35bn | 3.40% | 2010 · 16 yrs | REIT-IR ↗ |
| 2024.05 | Ichigo Hakata Gion Building | Hakata | ¥1.70bn | 3.90% | 2009 · 17 yrs | REIT-IR ↗ |
| 2024.05 | Ichigo Tenjin North Building | Chuo | ¥1.55bn | 4.00% | 1985 · 41 yrs | REIT-IR ↗ |
| 2024.05 | Ichigo Hakata Meiji Dori Building | Hakata | ¥3.08bn | 4.10% | 2007 · 19 yrs | REIT-IR ↗ |
| 2024.03 | FORECAST Hakata Gofukucho | Hakata | ¥1.75bn | 3.70% | 2021 · 5 yrs | REIT-IR ↗ |
Periodic appraisals (current valuations)
Each property’s latest period-end appraisal. Aligned in time, so current levels can be compared
Periodic appraisals (period-end valuations)
Fukuoka · Office: 29 properties · period ends 2025/08–2026/07 · median 3.90% (3.4%–5.1%)
Number of properties per 0.1% cap rate band. The dark bar is the band containing the median.
Click a heading to sort
| Source | ||||
|---|---|---|---|---|
| Urban Center HakataStar Asia Real Estate Investment Corporation | 3.7% | ±0 | 2026/07 | Filing ↗ |
| 博多駅イーストプレイスStar Asia Real Estate Investment Corporation | 4.5% | ±0 | 2026/07 | Filing ↗ |
| 薬院ビジネスガーデンJapan Prime Realty Investment Corporation | 3.5% | – | 2026/06 | Filing ↗ |
| FORECAST博多呉服町Nippon REIT Investment Corporation | 3.7% | ±0 | 2026/06 | Filing ↗ |
| プレスト博多祇園ビルMarimo Regional Revitalization REIT Investment Corporation | 4.2% | ±0 | 2026/06 | Filing ↗ |
| 福岡アーセオンビルUnited Urban Investment Corporation | 4.7% | ±0 | 2026/05 | Filing ↗ |
| Ichigo Tenjin North BuildingIchigo Office REIT Investment Corporation | 3.9% | ±0 | 2026/04 | Filing ↗ |
| いちご博多ᷫ園ビルIchigo Office REIT Investment Corporation | 3.9% | – | 2026/04 | Filing ↗ |
| いちご博多イーストビルIchigo Office REIT Investment Corporation | 3.9% | ±0 | 2026/04 | Filing ↗ |
| Ichigo Hakata Station Higashi BuildingIchigo Office REIT Investment Corporation | 4.0% | ±0 | 2026/04 | Filing ↗ |
Direct capitalization rates from each property’s latest period-end appraisal, for properties of the same use in the same city/ward (period ends within the last year; from J-REIT annual securities reports and results materials). These differ from acquisition cap rates (chart and deal list above) and compare current valuations regardless of deal timing. Values for the same property can differ by appraiser or ownership share. Reference information only, not a recommendation.
See appraisals in Fukuoka · Office as a list →
FAQ
What is the average Office cap rate in Fukuoka, Fukuoka?
The median cap rate across 5 J-REIT disclosed transactions in the last 12 months is 4.00% (as of November 1, 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.