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Chiyoda, Tokyo — Office Cap Rates & Price per Sqm

53 transactions from J-REIT timely disclosuresLast updated: September 21, 2026 (refreshed weekly)

Transactions

53

Median CR (last 12 months)

3.50%

CR range (last 3 years)

2.3–4.0%

Avg. price (all time)

89.7×¥100M

7 Office transactions in Chiyoda, Tokyo were disclosed in the last 12 months, with a median cap rate of 3.50%. That is 10bps lower than a year earlier.

Cap rate trend (monthly median)

2.5%3.0%3.5%4.0%4.5%202520262024/03: 2.95%(2)2024/04: 3.50%(1)2024/05: 3.30%(2)2024/06: 3.30%(1)2024/10: 4.00%(1)2024/12: 3.90%(1)2025/08: 3.50%(3)2025/09: 3.30%(1)2025/11: 3.80%(1)2026/03: 3.40%(1)2026/05: 3.80%(1)2026/06: 3.50%(2)3.50%4.00%2.95%

Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.

All transactions (54)(1 scheduled, excluded from statistics)

DatePropertyPriceCap rateAgeSource
2027/01ScheduledWORK VILLA MYJ kanda84.0×¥100M3.50%2REIT-IR
2026/06Ichigo Kudan Building62.0×¥100M3.60%37REIT-IR
2026/06Ichigo Hanzomon Building42.1×¥100M3.40%35REIT-IR
2026/05Daiwa猿楽町ビル25.5×¥100M3.80%41REIT-IR
2026/03Kudankita 325 Building27.4×¥100M3.40%39REIT-IR
2026/01神田橋パークビルヂング(追加取得)(持分割合:28.68%)21.5×¥100M33REIT-IR
2025/11Daiwa猿楽町ビル25.5×¥100M3.80%40REIT-IR
2025/09BIZCORE Jinbocho6.6×¥100M3.30%8REIT-IR
2025/08Lead-C Iidabashi Building13.3×¥100M3.50%37REIT-IR
2025/08NMF Takebashi Building89.3×¥100M3.60%REIT-IR
2025/08Tokyo Sankei Building26.9×¥100M2.30%25REIT-IR
2024/12KDX 岩本町ビル17.3×¥100M3.90%16REIT-IR
2024/10Ichigo Kudan 2-chome Building20.5×¥100M4.00%27REIT-IR
2024/10大手町ファーストスクエア13.5×¥100MREIT-IR
2024/09大手町ファーストスクエア27.0×¥100MREIT-IR
2024/07Tokyu Banchō Building147.0×¥100M13REIT-IR
2024/06Iidabashi Plano (Additional Acquisition)3.8×¥100M3.30%15REIT-IR
2024/05Ichigo Akihabara East Building32.4×¥100M3.40%36REIT-IR
2024/05Ichigo Otemachi North Building19.5×¥100M3.20%16REIT-IR
2024/04麹町ミレニアムガーデン (追加取得)2.6×¥100M3.50%24REIT-IR
2024/03Gran Tokyo South Tower (Partial Ownership)412.0×¥100M2.70%17REIT-IR
2024/03MK 麹町ビル23.5×¥100M3.20%27REIT-IR
2024/03大手町ファーストスクエア81.0×¥100MREIT-IR
2023/09大手町ファーストスクエア81.0×¥100MREIT-IR
2023/05Rokubancho Building52.5×¥100M36REIT-IR
2023/04JPR Crest Takebashi Building41.7×¥100M3.70%24REIT-IR
2023/04Ochanomizu Sora City64.9×¥100M2.90%REIT-IR
2023/04Rokubancho Building52.5×¥100M36REIT-IR
2023/03Iidabashi Grand Bloom (Additional Acquisition)254.0×¥100M2.70%REIT-IR
2023/03CIRCLES平河町 (持分割合:100%)17.8×¥100M2REIT-IR
2023/03Kasumigaseki Tokyu Building306.0×¥100M3.20%REIT-IR
2022/06Iwamotocho Twin Sakae Building4.0×¥100M3.50%REIT-IR
2022/06Iwamotocho Twin Building33.8×¥100M3.60%36REIT-IR
2022/05Iidabashi Plano (Additional Acquisition)5.7×¥100M3.20%13REIT-IR
2022/03Iidabashi Grand Bloom (Additional Acquisition)362.0×¥100M2.80%20REIT-IR
2022/03Rokubanchō K Building33.0×¥100M3.70%34REIT-IR
2022/03Iidabashi Purano Stage Building53.8×¥100M3.20%13REIT-IR
2021/11大手町フィナンシャルシティノースタワー (追加取得)63.8×¥100MREIT-IR
2021/11赤坂ガーデンシティ(追加取得部分)213.0×¥100M3.40%15REIT-IR
2021/10ヒューリック麹町ビル126.0×¥100M3.10%11REIT-IR
2021/09Iidabashi Grand Bloom776.0×¥100M2.80%7REIT-IR
2021/09Round Cross Otemachi Kita32.0×¥100M11REIT-IR
2021/09神田橋PR-EX19.7×¥100M3.40%12REIT-IR
Show transactions older than 5 years (11)
DatePropertyPriceCap rateAgeSource
2021/08Lead-C Iidabashi Building12.0×¥100M3.70%33REIT-IR
2021/08NBF Ochanomizu Building161.0×¥100M3.20%REIT-IR
2021/06BIZCORE Jinbocho102.0×¥100M3.40%4REIT-IR
2021/03D'sVARIE Kanda Building21.0×¥100MREIT-IR
2021/01グラントウキョウサウスタワー470.0×¥100M2.80%14REIT-IR
2020/12アーバンネット麹町ビル55.5×¥100M33REIT-IR
2020/11NBF小川町ビルディング(追加取得)4.8×¥100M4.50%34REIT-IR
2020/10ユニゾ神田須田町二丁目ビル13.1×¥100M3.50%27REIT-IR
2020/06Otemachi Financial City Gran CUBE46.8×¥100M4REIT-IR
2020/03Otemachi Park Building101.8×¥100M3REIT-IR
2020/02KDX神田駅前ビル33.0×¥100M3.40%29REIT-IR

FAQ

What is the average Office cap rate in Chiyoda, Tokyo?

The median cap rate across 7 J-REIT disclosed transactions in the last 12 months is 3.50% (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.

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