Japan Cap Rate Survey December 2022

Among major asset types in Tokyo, expected yields fell for offices, rental apartments, and retail facilities. CBRE’s latest Tankan Survey showed that the Diffusion Index (DI) worsened for “sales prices” and “expected yields” for both Tokyo Grade A offices and Large Multi-Tenant (LMT) logistics facilities in the Greater Tokyo area. However, there are no signs that investment appetite is on the wane.