Shinagawa, Tokyo — Residential Cap Rates & Price per Sqm
18 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
18
Median CR (all time)
3.70%
CR range (last 3 years)
3.1–3.5%
Avg. price (all time)
17.1×¥100M
2 transactions were disclosed in the last 12 months. The all-time median cap rate across 15 deals is 3.70%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
All transactions (19)(1 scheduled, excluded from statistics)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2026/12Scheduled | Good Time Home Fudomae | 21.9×¥100M | 4.00% | 34 | REIT-IR ↗ |
| 2026/06 | Regentia Musashi-koyama | 6.9×¥100M | 3.40% | 7 | REIT-IR ↗ |
| 2025/09 | Comforia Togoshi Park | 19.5×¥100M | 3.50% | 0 | REIT-IR ↗ |
| 2025/05 | Urbanex Togoshi Ginza | 27.0×¥100M | 3.10% | 19 | REIT-IR ↗ |
| 2025/04 | Comforia Higashi Ooi II | 20.9×¥100M | — | 1 | REIT-IR ↗ |
| 2025/04 | Comforia Higashi Ooi I | 16.8×¥100M | — | 1 | REIT-IR ↗ |
| 2023/06 | S-FORT Omori Sanno | 3.6×¥100M | 3.60% | 7 | REIT-IR ↗ |
| 2023/04 | Cross Residence Osaki | 22.4×¥100M | — | 3 | REIT-IR ↗ |
| 2023/03 | Rock Field Nishi Ooi | 5.4×¥100M | 3.30% | 14 | REIT-IR ↗ |
| 2022/11 | Comforia Nishi Ooi | 12.5×¥100M | 3.70% | — | REIT-IR ↗ |
| 2022/03 | Proud Flat Togoshi Ginza | 25.5×¥100M | 4.00% | 2 | REIT-IR ↗ |
Show transactions older than 5 years (8)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2021/08 | Sylphide Higashi-Shinagawa | 9.6×¥100M | 3.80% | 18 | REIT-IR ↗ |
| 2021/08 | エスティメゾン東品川 | 31.6×¥100M | 4.10% | 13 | REIT-IR ↗ |
| 2021/04 | パークキューブ大井町レジデンス | 17.4×¥100M | 3.70% | 3 | REIT-IR ↗ |
| 2021/03 | (仮称)南大井プロジェクト | 11.2×¥100M | 3.80% | 0 | REIT-IR ↗ |
| 2020/09 | コンフォリア不動前 | 16.2×¥100M | 3.90% | 0 | REIT-IR ↗ |
| 2020/07 | パークキューブ大井町レジデンス | 40.6×¥100M | 3.70% | 2 | REIT-IR ↗ |
| 2020/03 | コートブランシェAP | 12.7×¥100M | 4.00% | 14 | REIT-IR ↗ |
| 2020/02 | KDXレジデンス中延 | 8.3×¥100M | 4.00% | 12 | REIT-IR ↗ |
FAQ
What is the average Residential cap rate in Shinagawa, Tokyo?
The median cap rate across 15 J-REIT disclosed transactions (all time) 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.