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This slide shows the features of Shibuya as an office area.
The first feature is the low vacancy rates.
Graph 1 on the right, showing the trend in vacancy rates in five metropolitan districts and Shibuya-ku, shows that the vacancy rates in Shibuya-ku have improved significantly among the five metropolitan districts since 2011 as a result of the advancement of the agglomeration of IT companies.
The second feature is the shortage of large high-quality offices.
Graph 2 on the right suggests that, with only four large office buildings with a total floor area of 10,000 tsubo or more around Shibuya station at present, there is a shortage of large office buildings compared with other areas in Tokyo. This is one of the reasons for the exit of a number of growth companies from Shibuya since 2000.
The third feature is the viewpoint that the market size of the creative content industry, which is currently closely agglomerating in the Shibuya area, is expected to approximately triple from 2010 to 2020.
In light of the features and weak points that the Shibuya area possesses, by supplying large high-quality offices through the ongoing redevelopment in Shibuya and adding business functions to the major cluster district of commercial facilities and culture, we will create a new business district that is different from other areas.
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