Shinjuku, Tokyo — Office Cap Rates & Price per Sqm
23 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
23
Median CR (last 12 months)
3.40%
CR range (last 3 years)
3.1–4.2%
Avg. price (all time)
152.5×¥100M
5 Office transactions in Shinjuku, Tokyo were disclosed in the last 12 months, with a median cap rate of 3.40%. That is 5bps 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 (23)
Show transactions older than 5 years (6)
| Date | Property | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|
| 2021/09 | Q Plaza Shinjuku Sanchome | 184.0×¥100M | 3.50% | — | REIT-IR ↗ |
| 2021/03 | 山京ビル | 24.0×¥100M | — | 30 | REIT-IR ↗ |
| 2021/01 | 新宿三井ビルディング | 1700.0×¥100M | 3.30% | 47 | REIT-IR ↗ |
| 2020/06 | アーバンネット市ヶ谷ビル | 17.8×¥100M | — | 27 | REIT-IR ↗ |
| 2020/03 | 新宿フロントタワー (追加取得) | 101.0×¥100M | 3.40% | 9 | REIT-IR ↗ |
| 2020/03 | Shinjuku Eastside Square (Additional Acquisition) | 84.6×¥100M | — | — | REIT-IR ↗ |
FAQ
What is the average Office cap rate in Shinjuku, Tokyo?
The median cap rate across 5 J-REIT disclosed transactions in the last 12 months is 3.40% (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.