Osaka, Osaka — Office Cap Rates & Price per Sqm
44 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
44
Median CR (last 12 months)
3.40%
CR range (last 3 years)
2.9–5.0%
Avg. price (all time)
78.2×¥100M
3 Office transactions in Osaka, Osaka were disclosed in the last 12 months, with a median cap rate of 3.40%. That is 20bps lower than a year earlier.
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 |
|---|---|---|
| 大阪市北区 | 17 | 3.30% |
| 大阪市中央区 | 14 | 3.90% |
| 大阪市西区 | 5 | 4.10% |
| 大阪市港区 | 2 | 3.95% |
| 大阪市東淀川区 | 1 | 3.40% |
| 大阪市淀川区 | 1 | 4.30% |
| 大阪市浪速区 | 1 | 4.10% |
All transactions (44)
Show transactions older than 5 years (5)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2021/01 | TCA Building | 浪速区 | 21.2×¥100M | 4.10% | 27 | REIT-IR ↗ |
| 2020/02 | Grand Front Osaka (Umekita Hiroba / South Building) | 北区 | 48.7×¥100M | 3.60% | 7 | REIT-IR ↗ |
| 2020/02 | Grand Front Osaka (North Building) | 北区 | 39.8×¥100M | 3.70% | — | REIT-IR ↗ |
| 2020/01 | 土佐堀プライム | 西区 | 50.0×¥100M | 4.10% | 33 | REIT-IR ↗ |
| 2020/01 | 南船場ビル | 中央区 | 37.5×¥100M | 4.10% | 34 | REIT-IR ↗ |
FAQ
What is the average Office cap rate in Osaka, Osaka?
The median cap rate across 3 J-REIT disclosed transactions in the last 12 months is 3.40% (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.