Kobe, Hyogo — Residential Cap Rates & Price per Sqm
8 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
8
Median CR (all time)
4.55%
CR range (last 3 years)
4.0–5.4%
Avg. price (all time)
15.2×¥100M
1 transactions were disclosed in the last 12 months. The all-time median cap rate across 8 deals is 4.55%.
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 |
|---|---|---|
| 神戸市中央区 | 3 | 4.50% |
| 神戸市東灘区 | 1 | 5.40% |
| 神戸市兵庫区 | 1 | 4.20% |
| 神戸市灘区 | 1 | 4.70% |
| 神戸市西区 | 1 | 4.30% |
All transactions (8)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2026/04 | Aprire Shin-Aoki Ichibankan | 東灘区 | 34.5×¥100M | 5.40% | 29 | REIT-IR ↗ |
| 2025/01 | S-FORT Kobe-Sannomiya-Kita | 中央区 | 5.8×¥100M | 4.00% | 21 | REIT-IR ↗ |
| 2025/01 | Proceed Hyogo-Ekimae | 兵庫区 | 19.0×¥100M | 4.20% | 17 | REIT-IR ↗ |
| 2022/04 | Starship Kobe Gakuentoshi | — | 9.8×¥100M | 4.60% | — | REIT-IR ↗ |
| 2022/02 | イリーゼ神戸六甲 | 灘区 | 12.0×¥100M | 4.70% | 5 | REIT-IR ↗ |
| 2022/01 | SOMPO Care Raviere Kobe Ikutan | 西区 | 12.9×¥100M | 4.30% | 13 | REIT-IR ↗ |
Show transactions older than 5 years (2)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2021/08 | エスティメゾン神戸三宮 | 中央区 | 10.2×¥100M | 4.50% | 19 | REIT-IR ↗ |
| 2021/02 | リハビリホームグランダ神戸北野 | 中央区 | 17.2×¥100M | 4.60% | 5 | REIT-IR ↗ |
FAQ
What is the average Residential cap rate in Kobe, Hyogo?
The median cap rate across 8 J-REIT disclosed transactions (all time) is 4.55% (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.