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Glitzy high-rise offices lose luster as Japan works at home


(Feb 1): Japan’s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances.
In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group Inc. and logistics firm Nippon Express Co. are now considering selling their Tokyo headquarters. Avex Inc., an entertainment company, also plans to offload its head office in the Japanese capital.
Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases. ....

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Skyscrapers lose lustre for Japanese companies during Covid-19 pandemic


TOKYO (BLOOMBERG) - Japan s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances.
In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group and logistics firm Nippon Express are now considering selling their Tokyo headquarters. Avex, an entertainment company, also plans to offload its head office in the Japanese capital.
Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases. ....

New York , United States , France General , Shinji Oda , Kakyu Tanaka , Patrick Wong , Colliers International Group Inc , Japan Real Estate Institute , Sumitomo Mitsui Trust Research Institute , Dentsu Group , Nippon Express , Sumitomo Mitsui Trust Research , Bloomberg Intelligence , Colliers International Group , Japan Real Estate , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , ஷின்ஜி ஓடா , பேட்ரிக் வோங் , கோலியர்கள் சர்வதேச குழு இன்க் , ஜப்பான் ரியல் எஸ்டேட் நிறுவனம் , ஸூமிடோமொ மிட்ஸ்யூயீ நம்பிக்கை ஆராய்ச்சி நிறுவனம் , தெந்ட்சு குழு , நிப்பான் எக்ஸ்பிரஸ் , ஸூமிடோமொ மிட்ஸ்யூயீ நம்பிக்கை ஆராய்ச்சி ,