Expected yields for hotels, logistics and retail in Tokyo at record lows
CBRE's latest cap rate survey in January 2019 found that average expected yield in Tokyo fell q-o-q for three asset types, including hotels (management contract), logistics (Tokyo Bay Area) and retail (Ginza Chuo-dori). Yields for all three recorded the lowest levels since the survey began. Expected yields for regional offices dropped in Osaka and Hiroshima, by 4bps and 5bps, respectively. In both cities, the yields are at their lowest levels since the survey began.