Survey : A-class Office Cap Rates in Tokyo and International Major Cities-2010.April
”Survey : A-class Office Cap Rates in Tokyo and International Major Cities-2010.April”
Please click the link below to view a survey of Cap rates in Tokyo and international major cities.
*A-Class office building in main business districts.
| Expected Cap rate | Government bonds Yield |
|||
| U.S. | N.Y. | Mid-town | 6.5% | |
| Financial / downtown | 7.3% | |||
| L.A. | Downtown | 7.8% | ||
| West LA / Century city | 6.9% | |||
| 10yr bonds | 3.8% | |||
| U.K | London | City | 5.8% | |
| Westend | 5.3% | |||
| 10yr bonds | 4.0% | |||
| France | Paris | CBD | 5.3% | |
| La Défense | 6.0% | |||
| 10yr bonds | 3.3% | |||
| Germany | Berlin | CBD | 5.5% | |
| 10yr bonds | 3.4% | |||
| Australia | Sydney | CBD | 7.0% | |
| 10yr bonds | 4.5% | |||
| China | Beijing | CBD | 6.0% | |
| Financial District | 6.5% | |||
| Zhongguancun | 6.0% | |||
| Shanghai | Lujiazui | 5.0% | ||
| Nanjing Rd.w. | 5.2% | |||
| Huaihai Rd.M | 5.2% | |||
| Bonds (average) | 3.7% | |||
| Korea | Seoul | CBD | 6.0% | |
| KBD | 5.9% | |||
| YBD | 6.0% | |||
| 5yr bonds | 4.5% | |||
| Expected Cap rate | Market Cap rate (transaction base) |
Government bond yield |
|||
| Japan | Tokyo | Nihonbashi | 5.0% | 4.7% | |
| Kanda | 5.3% | 5.1% | |||
| Akihabara | 5.3% | 5.1% | |||
| Toranomon | 5.0% | 4.8% | |||
| Shiodome | 5.0% | 4.8% | |||
| Akasaka | 5.0% | 4.8% | |||
| Roppongi | 5.1% | 4.9% | |||
| Shinagawa | 5.3% | 5.0% | |||
| Nishishinjyuku | 5.3% | 5.1% | |||
| Shibuya | 5.2% | 5.0% | |||
| Ikebukuro | 5.5% | 5.3% | |||
| Ueno | 5.7% | 5.5% | |||
| Osaki | 5.5% | 5.3% | |||
| 10yr bonds | 1.3% | ||||
(SOURCE: Japan Real Estate Institute)
Please click the links below to view Past updates of “Transaction Record in Japan”
Transaction Record in Tokyo until April 2010
Transaction Record in Tokyo until March 2010
Transaction Record in Tokyo until February 2010
Transaction Record in Japan until 2009 (Small size/Under 1,000,000,000-JPY)
Transaction Record in Japan until December 2009
Transaction Record in Japan until October 2009
Transaction Record in Japan until September 2009
Transaction Record in Japan until August 2009
Transaction Record in Japan until July 2009
Transaction Record in Japan until April 2009
Transaction Record in Japan until March 2009
Please click the links below to view Past “Selected Commercial Properties Update”
- April 28 .2010 “Selected Commercial Properties Update ”
- March 06 .2010 “Selected Commercial Properties Update”
- February 04 .2010 “Selected Commercial Properties Update”
- December 08 .2009 “Selected Commercial Properties Update”
- July 15 .2009 “Selected Commercial Properties Update”
- June 23 .2009 “Selected Commercial Properties Update”
- June 04.2009 “Selected Commercial Properties Update”
- May 21 .2009 “Selected Commercial Properties Update”
- May 14 .2009 “Selected Commercial Properties Update”
Related reports
“Japan Real Estate Investment Market Summary- March/April 2010”
“Japan Real Estate Market Summary-February.2010”
“Japan Real Estate Market Summary-January.2010”
“Japan Real Estate Market Summary-December.2009”
“Largest transaction in 2009 Japan market, PCP Marunouchi for JPY 140 billion”
“Average NOI of office building in Japan”
“Average Net Cash Flow of office building in Tokyo”
“Average Management cost of office building in Japan”
“Average Maintenance cost of office building in Japan”
“Average Capex of office building in Tokyo”
“Pick-up Major Transaction (commercial) -G Building Minami Aoyama 01-”
“Official land price 2008 (commercial area)”
“Expected real estate cap rates in Tokyo”
“Real Estate Capital Appreciation Return of Cetntral 5 words of Tokyo”
“Total Return of Cetntral 5 words of Tokyo”
“Real Estate Investment Index of Minato, Shinjuku, and Shibuya wards of Tokyo”
“Real Estate Investment Index of the 5 central wards of Tokyo”
“Historical land price of commercial area in Japan (1970-2008) “
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