Kobe, Hyogo — Logistics Cap Rates & Price per Sqm
15 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
15
Median CR (all time)
4.50%
CR range (all time)
4.1–5.4%
Avg. price (all time)
39.6×¥100M
1 transactions were disclosed in the last 12 months. The all-time median cap rate across 9 deals is 4.50%.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| 神戸市灘区 | 6 | — |
| 神戸市西区 | 4 | 4.50% |
| 神戸市須磨区 | 2 | 4.85% |
| 神戸市東灘区 | 2 | 4.10% |
| 神戸市兵庫区 | 1 | 5.10% |
All transactions (15)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2025/12 | Kawasaki Robot Service Kobe-Tsuzushi Business Office | 西区 | 10.9×¥100M | 5.40% | — | REIT-IR ↗ |
| 2024/03 | IIF神戸ロジスティクスセンター (準共有持分25%) | 灘区 | 21.3×¥100M | — | — | REIT-IR ↗ |
| 2024/01 | IIF Kobe Logistics Center (Undivided Co-ownership 40%) | 灘区 | 34.1×¥100M | — | — | REIT-IR ↗ |
| 2024/01 | IIF神戸ロジスティクスセンター | 灘区 | 34.1×¥100M | — | — | REIT-IR ↗ |
| 2023/07 | IIF Kobe Logistics Center (32% Co-ownership) | 灘区 | 27.3×¥100M | — | — | REIT-IR ↗ |
| 2023/04 | IIF神戸ロジスティクスセンター | 灘区 | 85.2×¥100M | — | 22 | REIT-IR ↗ |
| 2023/04 | IIF Kobe Logistics Center (Jun-kyoyu Mochibun 3%) | 灘区 | 2.6×¥100M | — | — | REIT-IR ↗ |
| 2022/12 | Prologis Park Kobe 3 | 西区 | 95.8×¥100M | 4.30% | 0 | REIT-IR ↗ |
| 2021/12 | Prologis Park Kobe 5 | 西区 | 95.0×¥100M | 4.50% | 0 | REIT-IR ↗ |
Show transactions older than 5 years (6)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2021/08 | Kobe Seishin Logistics Center | 須磨区 | 19.2×¥100M | 4.60% | 26 | REIT-IR ↗ |
| 2021/07 | GLP Rokko IV | 東灘区 | 21.8×¥100M | 4.10% | 26 | REIT-IR ↗ |
| 2021/01 | Logi Square Kobe-Nishi | 西区 | 34.8×¥100M | 4.50% | 1 | REIT-IR ↗ |
| 2020/12 | GLP Rokko III | 東灘区 | 79.8×¥100M | 4.10% | 1 | REIT-IR ↗ |
| 2020/07 | GLP 西神 | 須磨区 | 19.3×¥100M | 5.10% | 25 | REIT-IR ↗ |
| 2020/04 | 神戸遠矢浜物流センター | 兵庫区 | 13.0×¥100M | 5.10% | 31 | REIT-IR ↗ |
FAQ
What is the average Logistics cap rate in Kobe, Hyogo?
The median cap rate across 9 J-REIT disclosed transactions (all time) is 4.50% (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.