ACCJ The Journal - Against the Gray - Real estate redevelopment in an aging society
OCTOBER 2018 REAL ESTATE
Against the Gray Real estate redevelopment in an aging society
By Alec Jordan
As the Tokyo 2020 Olympic and Paralympic Games rapidly approaches, the city is working at a feverish pace to prepare for the world’s attention. This isn’t limited to building new sports venues and renovating old ones. There is also a huge amount of work going into the redevelopment of Tokyo itself, with plenty of buildings being added to the skyline.
According to a recent survey by Mori Building Co., Ltd. that analyzes the market for large-scale office buildings (10,000 square meters or larger) in Tokyo’s 23 wards, a whopping 75 buildings will be finished in the years leading up to the Games. Some 27 should be completed in 2018, another 27 by the end of 2019, and 21 more by 2020.
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