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Chuo, Tokyo — Office Cap Rates & Price per Sqm

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

Transactions

49

Median CR (last 12 months)

3.70%

CR range (last 3 years)

3.2–4.2%

Avg. price (all time)

59.2×¥100M

7 Office transactions in Chuo, Tokyo were disclosed in the last 12 months, with a median cap rate of 3.70%. That is 10bps lower than a year earlier.

Cap rate trend (monthly median)

3.0%3.5%4.0%4.5%202520262024/03: 3.50%(2)2024/04: 3.20%(1)2024/06: 3.90%(2)2024/07: 3.70%(1)2024/10: 4.20%(1)2024/11: 3.80%(1)2024/12: 3.50%(1)2025/03: 3.50%(2)2025/05: 3.80%(2)2025/11: 3.80%(1)2026/03: 3.30%(3)2026/06: 3.70%(1)2026/07: 3.70%(1)3.70%4.20%3.20%

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

All transactions (49)

DatePropertyPriceCap rateAgeSource
2026/07Tsukiji Front12.5×¥100M3.70%35REIT-IR
2026/06Ichigo Ningyocho Building26.5×¥100M3.70%42REIT-IR
2026/03Nihonbashi Honcho M-SQUARE321.1×¥100M3.20%REIT-IR
2026/03Harumi Island Triton Square Office Tower Z86.0×¥100M3.70%25REIT-IR
2026/03CIRCLES Nihonbashi Hamacho34.9×¥100M3.30%2REIT-IR
2026/01新川一丁目ビル(OT-2621.3×¥100MREIT-IR
2025/11Daiwa月島ビル29.4×¥100M3.80%29REIT-IR
2025/05Daiwa月島ビル29.4×¥100M3.80%29REIT-IR
2025/05FORECAST Shin-Tokiwabashi27.0×¥100M3.80%REIT-IR
2025/03H1O Nihonbashi Kobunacho40.0×¥100M3.50%5REIT-IR
2025/03汐留イーストサイドビル134.4×¥100M3.50%18REIT-IR
2024/12Shinto GINZA EAST16.9×¥100M3.50%34REIT-IR
2024/11Daiwa月島ビル39.2×¥100M3.80%28REIT-IR
2024/10Nihonbashi Playa Building17.0×¥100M4.20%15REIT-IR
2024/07Harumi Island Triton Square Office Tower Y228.2×¥100M3.70%23REIT-IR
2024/06Nihonbashi Playa Building17.0×¥100M4.20%15REIT-IR
2024/06KDX 日本橋 313 ビル71.1×¥100M3.60%50REIT-IR
2024/04S-GATE Nihonbashi Honcho (Additional Acquisition)74.5×¥100M3.20%6REIT-IR
2024/03S-GATE FIT 日本橋馬喰町63.0×¥100M3.40%1REIT-IR
2024/03A-72 Hatchobori Rivergate8.8×¥100M3.60%35REIT-IR
2023/07BIZCORE Tsukiji98.0×¥100M3.40%4REIT-IR
2023/07ヒューリック小舟町ビル109.7×¥100M3.40%29REIT-IR
2023/04ヒューリック銀座7丁目ビル218.7×¥100M3.10%REIT-IR
2023/04Round Cross Tsukiji40.5×¥100MREIT-IR
2023/03Nomura Real Estate Higashi-Nihonbashi Building22.6×¥100M4.00%REIT-IR
2023/01Shintomi-cho Building18.6×¥100M4.10%REIT-IR
2022/12Harumi Front176.0×¥100M10REIT-IR
2022/11Tokyu Ginza Nichome Building89.7×¥100M3.50%14REIT-IR
2022/09Nomura Real Estate Higashi-Nihonbashi Building22.6×¥100M4.00%REIT-IR
2022/07Shintomi-cho Building12.4×¥100M4.10%REIT-IR
2022/06江戸橋ビル96.0×¥100M3.30%REIT-IR
2022/05Harumi Center Building243.3×¥100M16REIT-IR
2021/09Shinkawa 1-chome Building21.0×¥100M3.60%32REIT-IR
2021/09Hakozaki 314 Building17.7×¥100M3.80%30REIT-IR
Show transactions older than 5 years (15)
DatePropertyPriceCap rateAgeSource
2021/03UUR Kyobashi East Building72.8×¥100M3.30%4REIT-IR
2021/03Kabutocho Uni-Square14.8×¥100M3.80%REIT-IR
2021/03Across Shinkawa Building5.0×¥100M3.90%REIT-IR
2020/12Daiwa京橋ビル42.0×¥100M4.10%46REIT-IR
2020/11A-72 Hatchobori Rivergate8.4×¥100M3.70%31REIT-IR
2020/11Tsukiji Front8.3×¥100M3.80%29REIT-IR
2020/06KDX 新日本橋ビル23.0×¥100M3.70%18REIT-IR
2020/06KDX 日本橋江戸通ビル13.5×¥100M4.00%35REIT-IR
2020/06KDX 日本橋本町ビル40.0×¥100M3.90%36REIT-IR
2020/06KDX 日本橋本町ビル50.0×¥100M3.90%36REIT-IR
2020/06KDX 日本橋江戸通ビル15.5×¥100M4.00%35REIT-IR
2020/06KDX 新日本橋ビル32.0×¥100M3.70%18REIT-IR
2020/05Kabutocho Uni-Square21.0×¥100M3.80%27REIT-IR
2020/05日本橋セントラルスクエア35.2×¥100M3.50%10REIT-IR
2020/01Kodenmachonihonbashi Building34.5×¥100M4.00%29REIT-IR

FAQ

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

The median cap rate across 7 J-REIT disclosed transactions in the last 12 months is 3.70% (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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