Future decline in office demand due to the expansion of telework
First written in FY2021-Q1. 2 of 14 entries say "Restated". Latest entry: FY2025-Q1.
3 other companies' latest entry also says "Mitigated".
- FY2025-Q1MitigatedAnnual report
「Occupancy rates and rents for office buildings are trending upward, and demand for the mid-sized offices we own also remains resilient. As work styles diversify, we will continue to identify tenant needs as we work to provide office buildings that tenants choose.」
Amid concerns about changes in office demand due to teleworking and other factors, the disclosure notes the upward trends in occupancy rates and rents and the resilience of demand for mid-sized offices, and states that the policy of providing offices suited to tenant needs remains in place. - FY2024Declining office vacancy rates and resilient demand for mid-sized officesAnnual report
「Office vacancy rates are declining gradually, while demand for the mid-sized offices owned by the Company remains resilient.」
The disclosure states that, despite concerns about changes in demand due to teleworking and other factors, vacancy rates are declining gradually and demand for mid-sized offices remains resilient. - FY2024-Q3Office vacancy rates decline, while demand for mid-sized offices remains solidAnnual report
「Office vacancy rates are declining gradually, while demand for the mid-sized offices owned by the Company remains resilient.」
Amid concern over changes in office demand due to telework and other factors, states that office vacancy rates are declining gradually and demand for its mid-sized offices remains resilient. - FY2024-Q2Large new developments struggle, while demand for mid-sized offices remains solidAnnual report
「Although large newly built office buildings in central Tokyo are struggling, demand for the mid-sized offices owned by the Company remains resilient.」
While noting the difficulties faced by large newly built offices, states that demand for its mid-sized offices remains resilient. - FY2024-Q1Continuing to provide offices in response to changing working stylesAnnual report
「In response to changes in working styles accelerated by COVID-19, the Company will continue to identify tenant needs in order to provide office buildings that tenants choose.」
Against a backdrop of concern over changes in working styles due to telework and other factors, the Company continues to pursue a policy of providing offices that address tenant needs. - FY2023-Q3Providing offices suited to changes in working stylesAnnual report
「Demand for the mid-sized offices owned by the Company remains firm. In response to changes in working styles, the Company will continue to identify tenant needs in order to provide office buildings that tenants choose.」
Rather than directly stating the previous concern over a future decline in demand due to the expansion of telework, describes a policy of providing offices that address tenant needs in response to changes in working styles. - FY2023-Q2Large properties weaken, while demand for mid-sized offices remains solidAnnual report
「In the real estate industry in which the Company operates, large office properties weakened, partly because of new supply in central Tokyo, while demand for the mid-sized offices owned by the Company remains resilient.」
Regarding office demand, states that large properties in central Tokyo weakened due to new supply, while demand for its mid-sized offices remains resilient. - FY2023-Q1MaterialisedAnnual report
「In the real estate industry in which the Company operates, the impact of COVID-19 became apparent in office buildings, particularly large properties, but rents on newly contracted leases are beginning to bottom out as vacancy rates stabilize.」
In addition to concern over future changes in office demand due to telework and other factors, states that the impact of COVID-19 became apparent particularly in large offices. Meanwhile, vacancy rates and rents on newly contracted leases are beginning to bottom out. - FY2022-Q3WorsenedAnnual report
「In the real estate industry in which the Company operates, vacancy rates for large office buildings, particularly in central Tokyo, are rising, and rents on newly contracted leases are also trending downward. Meanwhile, demand for the mid-sized offices owned by the Company remains resilient, and these offices are also meeting demand from tenants seeking to relocate as they reassess their office strategies.」
Regarding office demand, states that vacancy rates at large buildings in central Tokyo are rising and rents on newly contracted leases are trending downward. At the same time, explains that demand for its mid-sized offices remains resilient. - FY2022-Q2RestatedAnnual report
「Although changes in office demand due to the future expansion of telework and other factors are a concern, demand for the mid-sized offices owned by the Company remains resilient.」
While maintaining concern about future changes in office demand due to the expansion of telework, explains that demand for its mid-sized offices remains resilient. - FY2022-Q1Demand for mid-sized offices remains resilient despite continuing concern over a future declineAnnual report
「Although changes in office demand due to the future expansion of telework and other factors are a concern, demand for the mid-sized offices owned by the Company remains resilient.」
While maintaining concern about future changes in office demand due to the expansion of telework, explains that demand for its mid-sized offices remains resilient. - FY2021-Q3WorsenedAnnual report
「In the real estate industry in which the Company operates, office vacancy rates are rising gradually. Although changes in office demand due to the future expansion of telework and other factors are a concern, no significant changes have recently been observed among tenants in the office buildings owned by the Company.」
In addition to the previously noted concern about future conditions, states that office vacancy rates are rising gradually. At the same time, says that no significant recent changes have occurred among tenants in its office properties. - FY2021-Q2RestatedAnnual report
「Office demand, which had been on an upward trend, remains at a high occupancy rate, but a future decline due to the expansion of telework is a concern.」
Continues to state concern that office demand, which remains at a high occupancy rate, may decline in the future as telework expands. - FY2021-Q1First statedAnnual report
「Office demand, which had been on an upward trend, remains at a high occupancy rate, but a future decline due to the expansion of telework is a concern.」
Newly notes concern that office demand, which currently maintains a high occupancy rate, may decline in the future as telework expands.