Logistics Transactions & Cap Rates in Kobe
14 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
14
Median CR (all time)
4.60%
CR range (last 3 years)
3.8–4.2%
Avg. price (all time)
47.0×¥100M
3 transactions were disclosed in the last 12 months. The all-time median cap rate across 13 deals is 4.60%.
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 |
|---|---|---|
| 神戸市西区 | 5 | 4.40% |
| 神戸市灘区 | 1 | — |
| 神戸市中央区 | 1 | 4.00% |
| 神戸市須磨区 | 1 | 4.60% |
| 神戸市北区 | 1 | 4.70% |
All transactions (14)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2026/03 | Kobe Maya Project | 灘区 | 6.5×¥100M | — | 25 | REIT-IR ↗ |
| 2025/12 | Kawasaki Robot Service Kobe-Tsuzushi Business Office | 西区 | 10.9×¥100M | 4.20% | 1 | REIT-IR ↗ |
| 2025/07 | MJ Industrial Park Kobe Nishi | 西区 | 10.9×¥100M | 3.80% | — | REIT-IR ↗ |
| 2023/03 | GLP Alpha Kobe | 中央区 | 136.0×¥100M | 4.00% | 7 | TDnet ↗ |
| 2022/12 | Prologis Park Kobe 3 | 西区 | 95.8×¥100M | 4.40% | 0 | REIT-IR ↗ |
| 2021/12 | Prologis Park Kobe 5 | 西区 | 95.0×¥100M | 4.60% | 0 | REIT-IR ↗ |
| 2021/08 | Kobe Seishin Logistics Center | 須磨区 | 19.2×¥100M | 4.60% | 26 | REIT-IR ↗ |
Show transactions older than 5 years (7)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2021/07 | GLP Rokko IV | — | 21.8×¥100M | 6.00% | 26 | REIT-IR ↗ |
| 2021/03 | MJ Industrial Park Kobe (Sochi) | — | 49.7×¥100M | 5.10% | — | REIT-IR ↗ |
| 2021/01 | Logi Square Kobe-Nishi | 西区 | 34.8×¥100M | 4.80% | 1 | REIT-IR ↗ |
| 2020/09 | MJ Industrial Park Kobe (Sokuchi) | — | 49.7×¥100M | 4.00% | 2 | REIT-IR ↗ |
| 2019/07 | MJ Industrial Park Kobe (Sokuchi) | — | 49.7×¥100M | 5.10% | 0 | REIT-IR ↗ |
| 2018/09 | LogiCross Kobe-Sanda | 北区 | 39.0×¥100M | 4.70% | 9 | REIT-IR ↗ |
| 2018/04 | Logi Cross Kobe Sanda | — | 39.0×¥100M | 5.70% | 2 | REIT-IR ↗ |
FAQ
What is the average cap rate for Logistics in Kobe?
The median cap rate across 13 J-REIT disclosed transactions (all time) is 4.60% (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.