Colliers: Shifting Gears Redefining flexible workspace pricing for major occupiers in Japan

Colliers expects demand from flexible workspace operators to rise to 10% of total office space until 2022. However, relative to other major cities, Tokyo’s...

Tokyo’s flexible workspace market remains highly fragmented with the majority operating independently in smaller and underutilized space in non-office buildings. Colliers expects demand from flexible workspace operators to rise to 10% of total office space until 2022 . However, relative to other major cities, Tokyo’s flexible workspace stock remains small, less than 1.5% of total office space available in Tokyo’s central five wards (C5W).