Office Transactions & Cap Rates in Koto
12 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
12
Median CR (all time)
3.60%
CR range (last 3 years)
3.3–3.7%
Avg. price (all time)
141.9×¥100M
1 transactions were disclosed in the last 12 months. The all-time median cap rate across 10 deals is 3.60%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
All transactions (12)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2026/03 | Toyosu Bayside Cross Tower | 148.1×¥100M | 3.70% | 6 | REIT-IR ↗ |
| 2024/03 | Toyosu Bayside Cross Tower (Additional Acquisition) | 438.0×¥100M | 3.30% | 4 | REIT-IR ↗ |
| 2024/02 | Toyosu Forestia | 197.6×¥100M | 3.60% | 10 | REIT-IR ↗ |
| 2023/03 | Toyosu Bayside Cross Tower (Additional Acquisition) | 216.0×¥100M | 3.30% | 3 | REIT-IR ↗ |
| 2023/02 | Toyosu Forestia | 81.0×¥100M | 3.60% | 9 | REIT-IR ↗ |
| 2022/11 | Toyosu Bayside Cross Tower | 147.0×¥100M | 3.30% | 2 | REIT-IR ↗ |
| 2022/07 | Toyocho Center Building | 96.0×¥100M | 3.80% | 28 | REIT-IR ↗ |
| 2022/06 | B-Side Kiba | 41.4×¥100M | 4.10% | 32 | REIT-IR ↗ |
| 2022/03 | Toyosu Front | 255.0×¥100M | 3.60% | 12 | REIT-IR ↗ |
| 2021/08 | Esprit Kameido | 14.0×¥100M | 4.50% | 30 | REIT-IR ↗ |
Show transactions older than 5 years (2)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2019/02 | FORECAST Kameido | 25.8×¥100M | — | 10 | REIT-IR ↗ |
| 2007/05 | Premier Toyocho Building | 43.1×¥100M | — | — | REIT-IR ↗ |
FAQ
What is the average cap rate for Office in Koto?
The median cap rate across 10 J-REIT disclosed transactions (all time) is 3.60% (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.