Report

Japan Cap Rate Survey September 2023

November 7, 2023 5 Minute Read

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CBRE’s most recent quarterly cap rate survey found that expected yields in Tokyo remained unchanged for offices (Otemachi) and retail (Ginza Chuo-dori) but fell q-o-q to new record lows across all other sectors (averages, Figures 1, 5, and 8). Expected yields for offices in regional cities (Figure 8) also established new record lows.​