2023 Tokyo Flexible Office Market

01. Market Scale

• The market size continued to expand in 2023,  albeit at a slower growth rate
• Flexible office space accounted for 2.8% of the Tokyo office market, unchanged from the previous year
   

02. Number of New Openings

• While new openings during COVID-19 had focused more on the suburban areas, recent openings have started to shift back to city center.
• More openings of larger size center and in newer properties 
   

03. Operator Trends

• New openings and expansion increasing again in central Tokyo
• Increase in new openings also in regional cities