TOKYO EXPECTED YIELDS UNCHANGED FOR OFFICE AND RETAIL
CBRE’s latest quarterly cap rate survey (average figure of the median of lowest/highest yield in each case) found that expected yields in Tokyo were unchanged q-o-q for office (Otemachi) and retail (Ginza Chuo-dori),  and fell for residential apartments and hotels (management contract) by between 1 and 3 bps q-o-q.