Office Transactions & Cap Rates in Shibuya
30 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
30
Median CR (last 12 months)
3.40%
CR range (last 3 years)
3.1–3.6%
Avg. price (all time)
63.8×¥100M
3 Office transactions in Shibuya were disclosed in the last 12 months, with a median cap rate of 3.40%. That is 20bps higher than a year earlier.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
All transactions (30)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2026/03 | Prime Sendagaya Building | 194.0×¥100M | 3.60% | 17 | REIT-IR ↗ |
| 2025/08 | H¹O Aoyama | 47.0×¥100M | 3.10% | 3 | REIT-IR ↗ |
| 2025/08 | CENTRAL Daikanyama | 36.7×¥100M | 3.40% | 34 | REIT-IR ↗ |
| 2025/04 | COERU Shibuya Koen Dori | 55.8×¥100M | 3.20% | 1 | REIT-IR ↗ |
| 2024/12 | NMF Shinjuku South Exit Building | 135.0×¥100M | 3.20% | 50 | REIT-IR ↗ |
| 2024/10 | JPR Sendagaya Building | 163.0×¥100M | 3.60% | 15 | REIT-IR ↗ |
| 2022/12 | Field Kita-Sando | 37.5×¥100M | 3.10% | 14 | REIT-IR ↗ |
| 2022/01 | Tokyo Tatemono Higashi Shibuya Building | 113.0×¥100M | 4.20% | 29 | REIT-IR ↗ |
| 2021/09 | TO-22 | 88.0×¥100M | — | — | REIT-IR ↗ |
| 2021/09 | A-PLACE Shibuya Minamidai | 88.0×¥100M | 5.70% | 32 | REIT-IR ↗ |
Show transactions older than 5 years (20)
FAQ
What is the average cap rate for Office in Shibuya?
The median cap rate across 3 J-REIT disclosed transactions in the last 12 months is 3.40% (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.