Office Transactions & Cap Rates in Osaka
43 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
43
Median CR (last 12 months)
4.10%
CR range (last 3 years)
3.3–4.9%
Avg. price (all time)
85.1×¥100M
6 Office transactions in Osaka were disclosed in the last 12 months, with a median cap rate of 4.10%. That is 20bps higher 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 | 13 | 3.75% |
| 大阪市中央区 | 12 | 4.25% |
| 大阪市西区 | 4 | 4.40% |
| 大阪市港区 | 3 | 4.00% |
| 大阪市東淀川区 | 2 | 3.40% |
| 大阪市都島区 | 1 | — |
All transactions (43)
Show transactions older than 5 years (9)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2020/05 | Proceed Kyobashi | 都島区 | 23.0×¥100M | — | 13 | REIT-IR ↗ |
| 2020/05 | Proceed Nishinagahori | 西区 | 10.5×¥100M | — | 13 | REIT-IR ↗ |
| 2019/04 | URBAN CENTER Midosuji | — | 226.4×¥100M | — | 1 | REIT-IR ↗ |
| 2018/07 | Arte Building Higobashi | — | 14.5×¥100M | — | 26 | REIT-IR ↗ |
| 2016/12 | Urban Ace Higobashi Building | — | 46.0×¥100M | — | 20 | REIT-IR ↗ |
| 2016/09 | AA-10 | — | 190.0×¥100M | — | — | REIT-IR ↗ |
| 2015/07 | Sumitomo Mitsui Banking Korai-bashi Building | — | 28.5×¥100M | — | — | REIT-IR ↗ |
| 2015/02 | I・S Minamimorimachi Building | — | 22.6×¥100M | — | 28 | REIT-IR ↗ |
| 2014/12 | AA-7 | — | 58.5×¥100M | — | — | REIT-IR ↗ |
FAQ
What is the average cap rate for Office in Osaka?
The median cap rate across 6 J-REIT disclosed transactions in the last 12 months is 4.10% (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.