Osaka, Osaka — Retail Cap Rates & Price per Sqm
16 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
16
Median deal cap rate (all time)
4.00%
Deal cap rate range (last 3 years)
2.90–5.20%
Avg. price (all time)
¥6.47bn
Properties appraised
17
Median appraisal cap rate
3.70%
Appraisal cap rate range
3.0–5.2%
Period ends
2025/11–2026/07
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 15 deals is 4.00%.
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 |
|---|---|---|
| Chuo, Osaka | 4 | 3.60% |
| Tsurumi, Osaka | 3 | 5.20% |
| Kita, Osaka | 3 | 3.80% |
| Miyakojima, Osaka | 2 | 5.00% |
| Abeno, Osaka | 2 | 3.80% |
| Nishiyodogawa, Osaka | 1 | 4.40% |
| Higashiyodogawa, Osaka | 1 | 4.50% |
All transactions (21)(5 scheduled, excluded from statistics)
| Ward | Source | |||||
|---|---|---|---|---|---|---|
| 2029.05Scheduled | Shinsaibashi OPA Honkan | Chuo | ¥6.47bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2028.11Scheduled | Shinsaibashi OPA Honkan | Chuo | ¥6.40bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2028.05Scheduled | Shinsaibashi OPA Honkan | Chuo | ¥6.33bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2027.11Scheduled | Shinsaibashi OPA Honkan | Chuo | ¥6.26bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2027.05Scheduled | Shinsaibashi OPA Honkan | Chuo | ¥5.86bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2026.06 | Shinsaibashi OPA Honkan | Chuo | ¥11.78bn | 4.00% | 1994 · 32 yrs | REIT-IR ↗ |
| 2026.04 | AEON MALL Tsurumi Ryokuchi | Tsurumi | ¥6.40bn | — | — | REIT-IR ↗ |
| 2026.03 | Konami Sports Club Kyobashi | Miyakojima | ¥3.73bn | 5.00% | — | REIT-IR ↗ |
| 2025.09 | Konami Sports Club Kyobashi | Miyakojima | ¥3.73bn | 5.00% | — | REIT-IR ↗ |
| 2025.08 | AEON MALL Tsurumi Ryokuchi | Tsurumi | ¥19.20bn | 5.20% | — | 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 · Retail: 17 properties · period ends 2025/11–2026/07 · median 3.70% (3.0%–5.2%)
Number of properties per 0.1% cap rate band. The dark bar is the band containing the median.
Click a heading to sort
| Source | ||||
|---|---|---|---|---|
| あべのnini(商業施設)Star Asia Real Estate Investment Corporation | 3.7% | ±0 | 2026/07 | Filing ↗ |
| イオン喜連瓜破ショッピングセンターAeon REIT Investment Corporation | 5.0% | ±0 | 2026/07 | Filing ↗ |
| JPR茶屋町ビルJapan Prime Realty Investment Corporation | 3.0% | – | 2026/06 | Filing ↗ |
| 心斎橋MGビルMitsui Fudosan Retail Fund Investment Corporation | 3.1% | ±0 | 2026/06 | Filing ↗ |
| キュープラザ心斎橋Activia Properties Inc. | 3.4% | ±0 | 2026/05 | Filing ↗ |
| 北野阪急ビルHankyu Hanshin REIT Investment Corporation | 3.5% | -20 | 2026/05 | Filing ↗ |
| A-FLAG Nishi ShinsaibashiActivia Properties Inc. | 3.8% | ±0 | 2026/05 | Filing ↗ |
| UUR心斎橋ビルUnited Urban Investment Corporation | 4.0% | ±0 | 2026/05 | Filing ↗ |
| MIキューブ心斎橋Mirai Corporation | 3.1% | – | 2026/04 | Filing ↗ |
| ライフ西天下茶屋店KDX Realty Investment Corporation | 4.1% | ±0 | 2026/04 | 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 · Retail as a list →
FAQ
What is the average Retail cap rate in Osaka, Osaka?
The median cap rate across 15 J-REIT disclosed transactions (all time) is 4.00% (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.