In the fourth quarter of 2020, the capitalization rate for grade A office space in central Tokyo stood at four percent. Throughout the surveyed period, the cap rate in Tokyo's main business districts has remained at the same level.
Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020
Grade A offices are defined as follows:
Standard floor area: 600 tsubo
Floor above the ground: 35 floors
Age of building: 12 years
Distance from the nearest station: three minutes walk
Tsubo is an area unit in the Japanese system of weights and measures (1 tsubo equals around 3.31 square meters).
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Daiwa Real Estate Appraisal. (February 4, 2021). Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020 [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/
Daiwa Real Estate Appraisal. "Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020." Chart. February 4, 2021. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/
Daiwa Real Estate Appraisal. (2021). Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020. Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/
Daiwa Real Estate Appraisal. "Capitalization Rate of Grade A Office Space in Central Tokyo from 3rd Quarter 2017 to 4th Quarter 2020." Statista, Statista Inc., 4 Feb 2021, https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/
Daiwa Real Estate Appraisal, Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020 Statista, https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/ (last visited December 26, 2024)
Capitalization rate of grade A office space in central Tokyo from 3rd quarter 2017 to 4th quarter 2020 [Graph], Daiwa Real Estate Appraisal, February 4, 2021. [Online]. Available: https://www.statista.com/statistics/1199715/japan-cap-rate-of-grade-a-offices-in-central-tokyo/
