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  "domain": "real-estate-finance",
  "title": "Japan real estate cap rate compression 2026",
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  "frontmatter": {
    "title": "Japan real estate cap rate compression 2026",
    "aliases": [
      "real-estate-cap-rate-compression-2026",
      "Japan cap rate 2026",
      "Tokyo prime office cap rate",
      "Japan logistics cap rate",
      "Japan residential cap rate",
      "Osaka office cap rate",
      "Japan cap rate floor",
      "Japan real-estate yield compression"
    ],
    "domain": "real-estate-finance",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2027-01-29",
    "confidence": "likely",
    "tags": [
      "real-estate-finance",
      "cap-rate",
      "valuation",
      "j-reit",
      "foreign-buyer",
      "post-nirp",
      "normalization"
    ],
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    "note": null,
    "sources": [
      "https://www.ares.or.jp/en/",
      "https://www.jrei.jp/",
      "https://www.reinet.or.jp/pdf/REIS/published-document_main_the-japanese-real-estate-investor-survey_202604.pdf",
      "https://www.boj.or.jp/en/research/brp/fsr/index.htm",
      "https://www.mlit.go.jp/totikensangyo/totikensangyo_fr2_000019.html",
      "https://www.mufg.jp/english/ir/index.html",
      "https://www.smfg.co.jp/english/investor/",
      "https://www.smtb.jp/english/investors"
    ]
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  "summary": "The Japan Real Estate Institute's 54th investor survey provides a dated, reproducible April 2026 expected-yield snapshot: 3.2% for Marunouchi/Otemachi A-class office, 4.0% for Umeda office, 3.8% for Tokyo Koto-bay multi-tenant logistics, 3.6% for a Tokyo Jonan one-room rental residence, 3.3% for Gin",
  "headings": [
    "Japan real estate cap rate compression 2026",
    "TL;DR",
    "Wiki route",
    "Cap Rate Definition (Short Form)",
    "2026 Cap-Rate Range Map",
    "Comparison with Earlier JREI Survey Readings",
    "Post-NIRP Normalisation Impact",
    "Foreign-Buyer Cap-Rate-Floor Hypothesis",
    "Rate Relationships and Evidence Boundary",
    "Cap-Rate-Sensitivity in J-REIT NAV"
  ],
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