Osaka, Osaka — Logistics Cap Rates & Price per Sqm
12 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
12
Median deal cap rate (all time)
4.15%
Deal cap rate range (all time)
3.90–6.40%
Avg. price (all time)
¥7.69bn
Properties appraised
25
Median appraisal cap rate
3.90%
Appraisal cap rate range
3.4–4.5%
Period ends
2026/02–2026/07
Cap rates at transaction
From acquisition/disposition notices, as of each deal (dates vary by deal)
3 transactions were disclosed in the last 12 months. The all-time median cap rate across 8 deals is 4.15%.
Transaction cap rate trend (each deal + quarterly median)
Last 5 years. Grey dots are individual deals; the red line is the quarterly median. The segment into the quarter in progress (deals so far) is dashed. Use the number of dots to spot quarters with few deals. Calculated from cap rates disclosed in acquisition/disposition notices (appraisal NOI yield at the time of each deal). These differ from periodic appraisals (current valuations), shown separately below. See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| Nishiyodogawa, Osaka | 3 | 4.10% |
| Suminoe, Osaka | 2 | 5.15% |
| Konohana, Osaka | 1 | — |
| Yodogawa, Osaka | 1 | 3.90% |
| Taisho, Osaka | 1 | 4.20% |
All transactions (15)(3 scheduled, excluded from statistics)
| Ward | Source | |||||
|---|---|---|---|---|---|---|
| 2027.08Scheduled | MFLP-OGUD Osaka Torishima | Konohana | ¥2.91bn | — | 2024 · 2 yrs | REIT-IR ↗ |
| 2027.03Scheduled | Prima Ham Kinki Center | Nishiyodogawa | ¥1.13bn | 4.20% | 1993 · 33 yrs | REIT-IR ↗ |
| 2027.02Scheduled | MFLP-OGUD Osaka Torishima | Konohana | ¥2.91bn | — | 2024 · 2 yrs | REIT-IR ↗ |
| 2026.08 | IIF Higashi-Osaka Logistics Center | — | ¥1.84bn | — | — | REIT-IR ↗ |
| 2026.06 | IIF Higashi-Osaka Logistics Center | — | ¥1.84bn | — | — | REIT-IR ↗ |
| 2026.02 | MFLP-OGUD Osaka Torishima | Konohana | ¥5.78bn | — | 2024 · 2 yrs | REIT-IR ↗ |
| 2025.08 | IIF Higashi-Osaka Logistics Center | — | ¥1.58bn | — | — | REIT-IR ↗ |
| 2022.10 | MJ Logi Park Higashiosaka 1 | — | ¥1.69bn | 4.20% | 1991 · 35 yrs | REIT-IR ↗ |
| 2022.08 | IIF Osaka Nanko IT Solution Center | Suminoe | ¥2.70bn | 6.40% | 1992 · 34 yrs | REIT-IR ↗ |
| 2022.02 | MFLP OSAKA I | Yodogawa | ¥13.90bn | 3.90% | 2020 · 6 yrs | REIT-IR ↗ |
Periodic appraisals (current valuations)
Each property’s latest period-end appraisal. Aligned in time, so current levels can be compared
Periodic appraisals (period-end valuations)
Osaka · Logistics: 25 properties · period ends 2026/02–2026/07 · median 3.90% (3.4%–4.5%)
Number of properties per 0.1% cap rate band. The dark bar is the band containing the median.
Click a heading to sort
| Source | ||||
|---|---|---|---|---|
| IIF大阪此花ロジスティクスセンターIndustrial & Infrastructure Fund Investment Corporation | 3.6% | ±0 | 2026/07 | Filing ↗ |
| IIF大阪住之江ロジスティクスセンターIIndustrial & Infrastructure Fund Investment Corporation | 3.7% | ±0 | 2026/07 | Filing ↗ |
| MFLP大阪IMitsui Fudosan Logistics Park Investment Corporation | 3.7% | ±0 | 2026/07 | Filing ↗ |
| 大阪西淀川物流センターJapan Logistics Fund, Inc. | 3.8% | ±0 | 2026/07 | Filing ↗ |
| 大阪福崎物流センターJapan Logistics Fund, Inc. | 3.8% | ±0 | 2026/07 | Filing ↗ |
| IIF大阪住之江ロジスティクスセンターIIIndustrial & Infrastructure Fund Investment Corporation | 3.9% | ±0 | 2026/07 | Filing ↗ |
| MFLP・OGUD 大阪酉島Mitsui Fudosan Logistics Park Investment Corporation | 4.0% | – | 2026/07 | Filing ↗ |
| IIF Higashi-Osaka Logistics CenterIndustrial & Infrastructure Fund Investment Corporation | 4.5% | ±0 | 2026/07 | Filing ↗ |
| プロロジスパーク大阪2Nippon Prologis REIT Investment Corporation | 3.7% | ±0 | 2026/05 | Filing ↗ |
| プロロジスパーク大阪4Nippon Prologis REIT Investment Corporation | 3.7% | ±0 | 2026/05 | Filing ↗ |
Direct capitalization rates from each property’s latest period-end appraisal, for properties of the same use in the same city/ward (period ends within the last year; from J-REIT annual securities reports and results materials). These differ from acquisition cap rates (chart and deal list above) and compare current valuations regardless of deal timing. Values for the same property can differ by appraiser or ownership share. Reference information only, not a recommendation.
See appraisals in Osaka · Logistics as a list →
FAQ
What is the average Logistics cap rate in Osaka, Osaka?
The median cap rate across 8 J-REIT disclosed transactions (all time) is 4.15% (as of November 1, 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.