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Office Transactions & Cap Rates in Chiyoda

56 transactions from J-REIT timely disclosuresLast updated: July 18, 2026 (refreshed weekly)

Transactions

56

Median CR (last 12 months)

3.45%

CR range (last 3 years)

2.3–4.3%

Avg. price (all time)

119.2×¥100M

6 Office transactions in Chiyoda were disclosed in the last 12 months, with a median cap rate of 3.45%.

Cap rate trend (monthly median)

2.5%3.0%3.5%4.0%4.5%202520262024/03: 2.70%(1)2024/04: 4.00%(1)2024/05: 4.20%(2)2024/06: 3.30%(1)2024/07: 3.10%(1)2025/03: 4.10%(1)2025/08: 3.60%(3)2026/01: 3.30%(1)3.30%4.20%2.70%

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

All transactions (56)

DatePropertyPriceCap rateAgeSource
2026/06NTT Urban Development Building7.6×¥100MTDnet
2026/03Kudan Kita 325 Building27.4×¥100M40TDnet
2026/01Kandabashi Park Building21.5×¥100M3.30%33REIT-IR
2025/08Leadshii Iidabashi Building13.3×¥100M3.60%37REIT-IR
2025/08NMF Takebashi Building89.3×¥100M3.60%52REIT-IR
2025/08Tokyo Sankei Building26.9×¥100M2.30%25REIT-IR
2025/06Tokyo Sankei Building26.9×¥100M24REIT-IR
2025/03Ichigo Kudan 3-chome Building80.1×¥100M4.10%34REIT-IR
2025/03Kojimachi HF Building26.0×¥100M31REIT-IR
2024/10Ichigo Kudan 2-chome Building20.5×¥100M28REIT-IR
2024/07Tokyu Banchō Building147.0×¥100M3.10%13REIT-IR
2024/06Iidabashi Plano3.8×¥100M3.30%15REIT-IR
2024/05Ichigo Otemachi North Building19.5×¥100M4.30%16REIT-IR
2024/05Ichigo Akihabara East Building32.4×¥100M4.10%36REIT-IR
2024/04Ichigo Kudan 2-chome Building20.5×¥100M4.00%27REIT-IR
2024/03Gran Tokyo South Tower (Partial Ownership)412.0×¥100M2.70%17REIT-IR
2023/04JPR Crest Takebashi Building41.7×¥100M3.70%24REIT-IR
2023/04Ochanomizu Sora City64.9×¥100M3.30%10REIT-IR
2023/03Iidabashi Grand Bloom (Additional Acquisition)254.0×¥100M2.70%9REIT-IR
2023/03CIRCLES Hirakawacho17.8×¥100M3.30%2REIT-IR
2023/03TO-23306.0×¥100MREIT-IR
2023/03Kasumigaseki Tokyu Building306.0×¥100M3.20%13REIT-IR
2023/02Rokubancho Building52.5×¥100M36REIT-IR
2022/06Iwamotocho Twin Building33.8×¥100M4.30%36REIT-IR
2022/06Iwamotocho Twin Sakae Building4.0×¥100M5.40%30REIT-IR
2022/05Iidabashi Plano (Additional Acquisition)5.7×¥100M3.50%13REIT-IR
2022/03Idabashi Grand Bloom (B)361.0×¥100M2.80%9REIT-IR
2022/03Idabashi Grand Bloom362.0×¥100M2.80%8REIT-IR
2022/03Iidabashi Purano Stage Building53.8×¥100M4.20%13REIT-IR
2022/03Rokubanchō K Building33.0×¥100M3.70%34REIT-IR
2022/03Urbanet Uchisaiwaicho Building56.4×¥100M2.70%22REIT-IR
2021/11Otemachi Financial City North Tower63.8×¥100M2.70%9REIT-IR
2021/09Iidabashi Grand Bloom776.0×¥100M3.50%7REIT-IR
2021/09Idabashi Grand Bloom (A)774.1×¥100M2.80%8REIT-IR
2021/09Round Cross Otemachi Kita32.0×¥100M3.10%11REIT-IR
2021/08Lead-C Iidabashi Building11.9×¥100M34REIT-IR
2021/08REIDC Iidabashi Building760.0×¥100M34REIT-IR
2021/08NBF Ochanomizu Building161.0×¥100M2.30%12REIT-IR
Show transactions older than 5 years (18)
DatePropertyPriceCap rateAgeSource
2021/03Chuo Mitsui Trust Bank Building20.5×¥100MREIT-IR
2021/03Nomura Fudosan Marunouchi Building487.6×¥100MREIT-IR
2021/03NTT Urban Development Building99.7×¥100MREIT-IR
2021/03D'sVARIE Kanda Building21.0×¥100M3.50%25REIT-IR
2021/02FORECAST Uchikanda70.0×¥100M3.80%45REIT-IR
2020/10NRT Kanda Sudacho Building13.1×¥100M28REIT-IR
2020/06Otemachi Financial City Gran CUBE46.8×¥100M5REIT-IR
2020/03Otemachi Park Building101.8×¥100M2.50%3REIT-IR
2019/02Tensho Ochanomizu Building18.0×¥100M2REIT-IR
2018/07Fujwa Kanda Nishikicho Building9.6×¥100M27REIT-IR
2017/09Homart Horizon Building67.0×¥100M31REIT-IR
2015/07Kanda Ocean Building14.4×¥100M26REIT-IR
2015/02Ito-pia Iwamotocho 1-chome Building26.4×¥100M25REIT-IR
2015/02Ito-pia Iwamotocho 2-chome Building28.1×¥100M25REIT-IR
2015/02Kudankita 325 Building18.5×¥100M29REIT-IR
2015/02Ito-pia Iwamotocho ANNEX Building21.0×¥100M25REIT-IR
2014/04Green Oak Kudan27.8×¥100M28REIT-IR
2004/03Rokubancho Building78.6×¥100M14REIT-IR

FAQ

What is the average cap rate for Office in Chiyoda?

The median cap rate across 6 J-REIT disclosed transactions in the last 12 months is 3.45% (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.

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