Adachi, Tokyo — Residential Cap Rates & Price per Sqm
10 transactions from J-REIT timely disclosures｜Last updated: November 1, 2026 (refreshed weekly)
Transactions
10
Median deal cap rate (all time)
3.80%
Deal cap rate range (last 3 years)
3.50–3.90%
Avg. price (all time)
¥1.51bn
Properties appraised
12
Median appraisal cap rate
3.90%
Appraisal cap rate range
3.5–4.8%
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 7 deals is 3.80%.
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.
All transactions (10)
| Source | |||||
|---|---|---|---|---|---|
| 2026.08 | Comforia Ayase | ¥1.39bn | — | 2023 · 3 yrs | REIT-IR ↗ |
| 2026.08 | Comforia Gokan-no | ¥1.35bn | — | — | REIT-IR ↗ |
| 2026.03 | Comforia Nishiarai | ¥2.18bn | — | 2021 · 5 yrs | REIT-IR ↗ |
| 2024.11 | Gran Casa Ayase | ¥0.68bn | 3.50% | 2022 · 4 yrs | REIT-IR ↗ |
| 2024.02 | HF Kitassenju Residence | ¥2.51bn | 3.90% | 2023 · 3 yrs | REIT-IR ↗ |
| 2023.12 | Urban Park Umejima | ¥1.03bn | 3.70% | 2023 · 2 yrs | REIT-IR ↗ |
| 2022.09 | Tsukui Sunshine Adachi | ¥0.83bn | 3.80% | 2005 · 20 yrs | REIT-IR ↗ |
| 2022.09 | Luxena Kitasenju | ¥1.54bn | 3.60% | 2022 · 4 yrs | REIT-IR ↗ |
| 2022.02 | S-RESIDENCE Kitasenju Reiz | ¥1.20bn | 3.80% | 2021 · 5 yrs | REIT-IR ↗ |
| 2022.02 | KDX Residence Umejima | ¥2.37bn | 3.90% | 2021 · 5 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)
Adachi · Residential: 12 properties · period ends 2026/02–2026/07 · median 3.90% (3.5%–4.8%)
Number of properties per 0.1% cap rate band. The dark bar is the band containing the median.
Click a heading to sort
| Source | ||||
|---|---|---|---|---|
| S-RESIDENCE 北千住reizSamty Residential Investment Corporation | 3.6% | ±0 | 2026/07 | Filing ↗ |
| Urban Park UmejimaStar Asia Real Estate Investment Corporation | 3.7% | ±0 | 2026/07 | Filing ↗ |
| HF Kitassenju ResidenceHeiwa Real Estate REIT, Inc. | 3.8% | ±0 | 2026/05 | Filing ↗ |
| KDX Residence UmejimaKDX Realty Investment Corporation | 3.5% | ±0 | 2026/04 | Filing ↗ |
| プロシード西新井Starts Proceed Investment Corporation | 4.0% | ±0 | 2026/04 | Filing ↗ |
| プロシードTX六町Starts Proceed Investment Corporation | 4.7% | ±0 | 2026/04 | Filing ↗ |
| プロシード竹ノ塚Starts Proceed Investment Corporation | 4.7% | ±0 | 2026/04 | Filing ↗ |
| Gran Casa AyaseDaiwa Securities Living Investment Corporation | 3.5% | ±0 | 2026/03 | Filing ↗ |
| プロフィットリンク竹ノ塚Daiwa Securities Living Investment Corporation | 4.8% | +10 | 2026/03 | Filing ↗ |
| Luxena KitasenjuMIRARTH Holdings REIT Investment Corporation | 3.5% | ±0 | 2026/02 | 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 Adachi · Residential as a list →
FAQ
What is the average Residential cap rate in Adachi, Tokyo?
The median cap rate across 7 J-REIT disclosed transactions (all time) is 3.80% (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.