We would like to offer our prayers and profound condolences for the many who lost their lives in the Great East Japan Earthquake and our heartfelt sympathy to all whose lives have been tragically impacted by this disaster.
With the aim of better understanding the future of the office building market in Tokyo, Mori Building Co., Ltd (head office: Minato-ku, Tokyo, CEO: Minoru Mori) has been conducting a survey of companies that are headquartered in Tokyo's 23 wards and are ranked in the top 10,000 in capitalization every November since 2003.
In the wake of the Great East Japan Earthquake, Mori Building undertook this special edition of our questionnaire survey to obtain a grasp of its impact on the Tokyo office market. We asked 3,400 companies headquartered in Tokyo's 23 wards about office space demand including future plans to lease new premises and their Business Continuity Plan (BCP). The results have been summarized in this report.

1．Impact on Office Needs in Tokyo's 23 Wards
○"Intent to lease new premises (21%) remains over 20%.
○Regarding the timing of leasing of new premises, "within one year" (36%⇒60%) increased sharply.
○"Desire to move to building with superior seismic performance" rose dramatically (15％⇒45％) to the top reason for leasing new office space, overtaking "Lower rent".
○Regarding the importance of an office in Tokyo, almost all respondents indicate that importance will remain "unchanged" with 6% indicating it will "increase".

2．Impact on Corporate Business Continuity Plan (BCP)
○Compared with the pre-quake 35% of companies that had a BCP ready for the disaster, it is estimated that the number has since more than doubled to 80% in the aftermath of the disaster.
○BCP considerations that have shown increases (pre vs. post) are "Procedures for employees who face difficulty to return home", "Securing communications", and "Office building selection standards".
○Approximately 50% include "availability of emergency power generator"and "geographical characteristics" in new or expanded standards for office building selection.

Please refer to the PDF file for more information.