Back to the office: Tokyo leases rebound on post-COVID demand

Businesses choosing new buildings with amenities as employees return

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A communal space forms part of Sumitomo Life Insurance's new headquarters. (Photo courtesy of Sumitomo Life Insurance)

HIROKI MASUDA, Nikkei staff writer

TOKYO -- Leases in newly built office buildings in Tokyo are climbing for the first time since the start of the coronavirus pandemic, according to a Nikkei survey, as businesses move headquarters amid an economic revival.

Using February 1985 as the 100-point baseline, new-building leases for the January-June half in the capital stood at 161.13 points as of March.  

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