Supply of Shared Workspaces Increasing in Japan

Economy

Tokyo, June 7 (Jiji Press)--The supply of shared offices is surging in Japan on the back of accelerating moves by companies to allow teleworking and side jobs for their employees following the effectuation of the work style reform legislation.

There are diversifying needs for shared offices, with some big firms, for example, using such spaces for interactions with startups, industry officials said.

Shared offices allow people to use the Internet and office equipment at low costs.

According to a survey by Jones Lang LaSalle K.K., the Japanese arm of U.S. real estate service provider Jones Lang LaSalle Inc., the total floor space of shared offices in five of Tokyo's 23 wards--Chiyoda, Minato, Shibuya, Shinjuku and Chuo--increased 2.7-fold from the preceding year to 74,200 square meters in 2018. The firm expects that the figure will jump some 47 pct in 2019.

New York-based WeWork has played a significant role in spreading shared offices in Japan.

[Copyright The Jiji Press, Ltd.]

Jiji Press