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Offices have place in post-virus 'new normal': Mitsui Fudosan CEO

Developer sees more mixed-use buildings as centralized workplaces lose favor

Many businesses in Tokyo have switched to working from home due to the pandemic.

TOKYO -- The coronavirus will spur companies to transform their workplaces, but not abandon them altogether, President and CEO Masanobu Komoda of Japanese developer Mitsui Fudosan told Nikkei, countering the argument that telecommuting will make the office as we know it obsolete.

Demand for office space may plunge in the medium term, but companies that had been focused almost entirely on convenience are now starting to rethink their workplace arrangements with an eye toward employee safety and comfort. Mitsui Fudosan will need to use know-how from its many past redevelopments to open up demand for offices in the post-pandemic new normal.

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