2013-12-18

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2013-12-18
Mori Building Co., Ltd.

Report of the Results of the 2013 Survey of Office Needs in Tokyo's 23 Wards

Mori Building Co., Ltd. conducted the 2013 Survey of Office Needs in Tokyo's 23 Wards in order to better understand the future of the office building market in the 23 wards of Tokyo. Survey questionnaire forms regarding new demand for office space were mailed to companies that are headquartered in the 23 wards and are ranked in the top 10,000 in capitalization. We have compiled the questionnaire results, and we would like to share some of our findings and insights in the following report.

■ Expansion was cited as the top reason for the first time in 5 years, indicating an encouraging trend in the reasons for plans to lease new office space.

Intent to lease new office space is changing steadily and the top reason for leasing new office space was, for the first time in 5 years, "To Establish a New Department/To Expand Business/To Accommodate an Increase in Employees" followed by "Better Location". On the other hand, "Lower Rent/Lower-Priced Building" dropped in the ranking for a second consecutive year, resulting in a 4th place rank. Also noted was a positive trend being shown in reasons for office relocation, compounded by the fact that those planning to expand their office premises increased for the second consecutive year and those planning to shrink their office premises decreased for the second consecutive year.

＜Tendencies of Companies Planning for New Premises＞
・For the first time in five years, 20% indicated plans to leas e new premises.
・Those indicating expansion of leased space increased for the se cond consecutive year (54%→56%) and those who indicated reducing space decreased for the secon d consecutive year (17%→16%).
・“To Establish a New Department/To Expand Business/To Accommodate an Increase in Employees" (34%→40%) was the top reason for relocation for the first time since 2008, followed by “Better Location" (32%). On the other hand, “Lower Rent/Lower-priced Building" (36%→31%) got lower ratings, dropping for the second consecutive year , resulting in a 4th place rank.
・The 3rd reason for relocation was “Anti-seismic Design", which attracted high interest in BCP-related matters.

＜Effect on Business Performance due to the 2020 Tokyo Olympics＞
37% of firms expect a positive effect on business performance due to the 2020 Tokyo Olympics.

Please refer to the PDF file for more information.

Please address inquires regarding this press release to:

Mr. Jungo Nishio, Ms. Tomoko Fukamachi, Mr. Susumu Miura
Marketing Department, Leasing Operations Divi sion, Mori Building Co., Ltd.

Location Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo 106-6155, Japan

Tel 03-6406-6672