Sendai, Miyagi — Office 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)
4.15%
CR range (last 3 years)
4.0–4.2%
Avg. price (all time)
44.3×¥100M
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 6 deals is 4.15%.
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 |
|---|---|---|
| 仙台市青葉区 | 7 | 4.15% |
| 仙台市宮城野区 | 1 | — |
All transactions (8)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2026/03 | Jozendori Square Building | 青葉区 | 33.1×¥100M | 4.00% | 39 | REIT-IR ↗ |
| 2025/12 | Sen Shin Building | 青葉区 | 17.1×¥100M | 4.20% | — | REIT-IR ↗ |
| 2025/01 | Sendai Nikko Building | 青葉区 | 25.8×¥100M | 4.00% | — | REIT-IR ↗ |
| 2024/03 | Solara Garden Office | 青葉区 | 11.3×¥100M | 4.10% | 14 | REIT-IR ↗ |
| 2022/11 | MI Terrace Sendai Hirose-dori | 青葉区 | 20.2×¥100M | — | 31 | REIT-IR ↗ |
| 2022/07 | Sendai MT Building | 宮城野区 | 158.0×¥100M | — | — | REIT-IR ↗ |
| 2022/04 | 仙台本町ビル | 青葉区 | 63.6×¥100M | 4.60% | 38 | REIT-IR ↗ |
FAQ
What is the average Office cap rate in Sendai, Miyagi?
The median cap rate across 6 J-REIT disclosed transactions (all time) is 4.15% (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.