Office Transactions & Cap Rates in Shinjuku
34 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
34
Median CR (last 12 months)
3.20%
CR range (last 3 years)
3.1–4.4%
Avg. price (all time)
99.1×¥100M
7 Office transactions in Shinjuku were disclosed in the last 12 months, with a median cap rate of 3.20%. That is 15bps lower 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 (34)
Show transactions older than 5 years (12)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2020/03 | Shinjuku Front Tower | 101.0×¥100M | 3.40% | 9 | REIT-IR ↗ |
| 2020/03 | Shinjuku East Side Square | 84.6×¥100M | 3.50% | 8 | REIT-IR ↗ |
| 2018/04 | Shinjuku Front Tower | 250.3×¥100M | 3.80% | 7 | REIT-IR ↗ |
| 2018/03 | Shinjuku Eastside Square | 254.6×¥100M | 3.90% | 6 | REIT-IR ↗ |
| 2015/07 | FORECAST Waseda FIRST | 47.8×¥100M | — | 30 | REIT-IR ↗ |
| 2015/02 | Iidabashi Replyx Bldg. | 12.5×¥100M | — | 24 | REIT-IR ↗ |
| 2015/02 | Nishi-Shinjuku Sanko Building | 22.1×¥100M | — | 29 | REIT-IR ↗ |
| 2014/04 | FORECAST Ichigaya | 48.0×¥100M | — | 6 | REIT-IR ↗ |
| 2014/04 | FORECAST Shinjuku AVENUE | 65.0×¥100M | — | 7 | REIT-IR ↗ |
| 2011/03 | FORECAST Nishi-Shinjuku | 22.6×¥100M | — | 3 | REIT-IR ↗ |
| 2011/03 | FORECAST Yotsuya | 14.3×¥100M | — | 3 | REIT-IR ↗ |
| 2002/09 | Takadanobaba Center Building | 51.2×¥100M | — | 11 | REIT-IR ↗ |
FAQ
What is the average cap rate for Office in Shinjuku?
The median cap rate across 7 J-REIT disclosed transactions in the last 12 months is 3.20% (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.