2024 Tokyo Flexible Office Market

01. Market Scale

• The market size continued to expand moderately, by +2.0% y-o-y.
• Flexible office space accounted for 3.3% of the Tokyo office market, unchanged from the previous year.
   

02. Grade A share and new openings

• Grade A office space and its share as a percentage of the Tokyo flexible office market increased.
• Openings of centers in the Tokyo major 5 wards increased.
• Openings of large centers of 200 tsubo or more also increased.
   

03. Operator Trends

• Opening new centers in higher grade buildings and convenient locations
• Offering space of premium quality to stand out from the competition
• Continuing to open new centers in regional cities