In December 2023, the average capitalization rate of retail properties in suburban areas owned by core real estate funds in Japan stood at 5.23 percent. The cap rate of hotel properties increased to 5.09 percent, up from 3.82 percent in December of the previous year.
Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type
2014 to 2023; monthly figures as of December each year
Special properties
figures on appraisal basis
Supplementary notes
The figures include income-producing properties owned by core real estate funds, mainly for institutional investors. Including properties owned by unlisted core funds and the total of properties owned by listed J-REITs.
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Association for Real Estate Securitization. (October 30, 2024). Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/
Association for Real Estate Securitization. "Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type." Chart. October 30, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/
Association for Real Estate Securitization. (2024). Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/
Association for Real Estate Securitization. "Capitalization Rate of Properties Owned by Core Real Estate Funds in Japan from 2014 to 2023, by Property Type." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/
Association for Real Estate Securitization, Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type Statista, https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/ (last visited November 23, 2024)
Capitalization rate of properties owned by core real estate funds in Japan from 2014 to 2023, by property type [Graph], Association for Real Estate Securitization, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/1421644/japan-core-real-estate-funds-properties-capitalization-rate-by-type/