2014-12-17

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2014-12-17
Mori Building Co., Ltd.

Report of the Results of the 2014 Survey of Office Needs in Tokyo's 23 Wards

Mori Building Co., Ltd. conducted the 2014 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.

■ Mori Building Survey Shows Increasing Demand for Office Space in Central Tokyo.

The survey found that 38% of the respondents plan to lease new office space "To Expand Business/To Accommodate an Increase in Employees". This reason topped the list for the second consecutive year.
Companies seeking a better location remained in second at 28%. Firms looking for a "Lower Rent/Lower-Priced Building" declined for a fourth straight year, dropping nine points to 22%, or sixth place, the lowest ranking for this reason in eight years. Companies that plan to lease more space increased for a third consecutive year, rising three points to 59%. Respondents that plan to rent more space specifically "Within 1 year" rose four points to 37%.

<Tendencies of Companies Planning for New Office Space>
・The survey revealed an upward trend in the demand for leased office space. Those planning to lease new office space rose to 20%, the sixth consecutive year this category has been above 20%.
・Whereas companies that plan to lease more space rose for a thir d year, climbing three points to 59%, those intending to lease less space contracted for a third co nsecutive year, shrinking four points to 13%.
・38% of the respondents plan to lease new office space "To Expand Business/To Accommodate an Increase in Employees". This reason topped the list for the second consecutive year. Firms looking for a "Lower Rent/Lower-Priced Building" declined for a fourth straight year, dropping nine points to 22%, or sixth place, the lowest ranking for this reason in eight years.
・The most popular areas for planned new office space were Toranomon, Marunouchi and Shinagawa (around the station), all areas where ransportation infrastructure is scheduled to be added or urban redevelop-ment is scheduled to take place in preparation for the Tokyo 2020 Olympic Games.
・Mori's survey found that 36% of the respondents believe Tokyo's selection to host the Olympic Games in 2020 will have a positive effect on their business performance.

Please refer to the PDF file for more information.

Please address inquires regarding this press release to:

Mr. Kazuaki Yamaguchi, Ms. Tomoko Fukamachi, Ms. Mari Yoshida
Marketing Department, Leasing Operations Division, Mo ri Building Co., Ltd.

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

Tel 03-6406-6672