Since 2003, Mori Building Co., Ltd. (Minato-ku, Tokyo; President & CEO Shingo Tsuji) has regularly conducted a Survey of Office Needs in Tokyo's 23 Wards in order to better understand the office building market trends.
A survey regarding new demand for office space was sent 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.

The percentage of those planning to lease new office space increased from last year, exceeding 20% for the eventh consecutive year.
"To Expand Business/ To Accommodate an Increase in Employees" was the top reason for the third consecutive year, and demand for office space remains robust.


The percentage of firms planning to lease new office space increased from last year. As the reason for leasing new office space, the percentage of "To Expand Business/To Accommodate an Increase in Employees" (the top reason) rose from last year, and other positive reasons such as "Better Location" and "Anti-seismic Design" were also among the top choices. On the other hand, "Lower Rent/Lower-Priced Building" lost points again this year, and we saw a strong positive trend for office relocation.

<Tendencies of Firms Planning for New Office Space>
●22% indicated a "Plan to Lease New Office Space", which is a 2 point increase from last year- marking the seventh consecutive year for this ratio being more than 20%
●As for plans for expansion vs. reduction of space, 59% indicated expansion, the same percentage as last year, which was a record high for this ratio.
●Firms planning to lease new office space "Within 1 year" decreased (37%→30%) while "Within 2 years" increased (19%→24%).
●The top reason for planning to lease new office space was "To Expand Business/To Accommodate an Increase in Employees" (40%) for the third consecutive year. On the other hand, "Lower Rent/Lower-Priced Building" (17%) lost considerable points for the fifth consecutive year, and this was the lowest percentage ever since this survey started.
●As desired areas for planned lease of new office space, the Tokyo Station area, Toranomon, Kanda/Ochanomizu, Shinagawa (around the station), Akasaka, Roppongi, Shibuya etc. all gained major points.

<Adoption of Business Continuity Planning (BCP)>
●Percentage of firms with a BCP plan in place is 51%. Those with "No BCP, but Planning in Progress" account for approximately 80% of the total, showing continued high interest in BCP.

<Measures to Enhance Human Resources>
●40% of firms are already taking measures to take advantage of the diverse human resources. Of all the firms which expanded their office space within 1 year, 60% are taking such measures, exceeding the average.