Office Transactions & Cap Rates in Sapporo
13 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
13
Median CR (last 12 months)
3.60%
CR range (last 3 years)
3.4–5.4%
Avg. price (all time)
42.9×¥100M
6 Office transactions in Sapporo were disclosed in the last 12 months, with a median cap rate of 3.60%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| 札幌市中央区 | 6 | 4.30% |
| 札幌市北区 | 3 | 4.10% |
| 札幌市西区 | 1 | — |
| 札幌市東区 | 1 | — |
| 札幌市白石区 | 1 | — |
All transactions (13)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2026/07 | NBF Sapporo Minami 2-jo Building | 中央区 | 19.0×¥100M | 4.30% | 36 | REIT-IR ↗ |
| 2026/03 | HF Kita-Jujo Building | 北区 | 16.5×¥100M | — | 2 | REIT-IR ↗ |
| 2026/03 | Sapporo Arch Building | 中央区 | 81.8×¥100M | 3.70% | 1 | REIT-IR ↗ |
| 2025/11 | CONNECT SAPPORO | 中央区 | 138.0×¥100M | 3.60% | 1 | REIT-IR ↗ |
| 2025/10 | The Link Sapporo | 北区 | 213.4×¥100M | 3.40% | 2 | REIT-IR ↗ |
| 2025/08 | NW SQUARE | — | 17.0×¥100M | 3.50% | 13 | REIT-IR ↗ |
| 2025/06 | Park East Sapporo | 中央区 | 14.4×¥100M | 5.40% | 40 | REIT-IR ↗ |
| 2025/03 | Park East Sapporo | 中央区 | 27.0×¥100M | — | 40 | REIT-IR ↗ |
| 2024/07 | MRR Aso Clinic Building | 北区 | 4.2×¥100M | 4.80% | 23 | REIT-IR ↗ |
| 2024/06 | Kita 2-jo Building | 中央区 | 15.3×¥100M | 4.70% | 34 | REIT-IR ↗ |
Show transactions older than 5 years (3)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2017/09 | Proceed Kotoni | 西区 | 2.8×¥100M | — | 27 | REIT-IR ↗ |
| 2017/09 | Proceed Kanjo-Doh-Toh | 東区 | 3.0×¥100M | — | 28 | REIT-IR ↗ |
| 2017/09 | Proceed Hondori | 白石区 | 5.3×¥100M | — | 29 | REIT-IR ↗ |
FAQ
What is the average cap rate for Office in Sapporo?
The median cap rate across 6 J-REIT disclosed transactions in the last 12 months is 3.60% (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.