Sapporo, Hokkaido — Residential Cap Rates & Price per Sqm
34 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
34
Median CR (all time)
4.80%
CR range (last 3 years)
4.3–4.8%
Avg. price (all time)
8.4×¥100M
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 31 deals is 4.80%.
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 | 15 | 4.70% |
| 札幌市豊平区 | 5 | 4.70% |
| 札幌市西区 | 5 | 4.80% |
| 札幌市北区 | 3 | 4.55% |
| 札幌市清田区 | 3 | 5.10% |
| 札幌市東区 | 2 | 4.90% |
All transactions (34)
Show transactions older than 5 years (7)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2021/08 | S-FORT Sapporo Motomachi | 東区 | 3.9×¥100M | 4.80% | 14 | REIT-IR ↗ |
| 2021/08 | S-FORT Sapporo Kita 5-jo | 中央区 | 4.1×¥100M | 4.90% | 17 | REIT-IR ↗ |
| 2021/08 | S-RESIDENCE Kuusoen EAST | 中央区 | 4.8×¥100M | 4.70% | 0 | REIT-IR ↗ |
| 2021/03 | ビッグタワー南 3 条 | 中央区 | 35.2×¥100M | 4.90% | 14 | REIT-IR ↗ |
| 2021/01 | カスタリア円山表参道 | 中央区 | 20.6×¥100M | 4.70% | 13 | REIT-IR ↗ |
| 2020/12 | カスタリア円山裏参道 | 中央区 | 7.2×¥100M | 4.70% | 13 | REIT-IR ↗ |
| 2020/11 | S-FORT 福住 | 豊平区 | 3.1×¥100M | 5.10% | 13 | REIT-IR ↗ |
FAQ
What is the average Residential cap rate in Sapporo, Hokkaido?
The median cap rate across 31 J-REIT disclosed transactions (all time) is 4.80% (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.