Office Stock Pyramid 2014
Small and medium office buildings in Tokyo 23 Wards are rapidly aging.
Xymax Real Estate Institute compiled “Office Stock Pyramid” of Tokyo 23 Wards (Figure 1 in the PDF report). This pyramid chart, as in the population pyramid representing the distribution of age groups and gender in a population, shows the stock of office buildings (the rentable area and number of buildings) by the age of the building at a given point in time. In the chart, the office stock is divided into two categories: large-size buildings and small- and medium-size buildings for comparison.
Key Findings
- ・Breakdown of Tokyo 23 Wards Office Stock Pyramid as of 2014 is:
By Number of Buildings: Large Buildings 10%, Small/Medium Buildings 90%
By Net Rentable Area: Large Buildings 54%, Small/Medium Buildings 46% - ・Average age of Large Buildings increased from 16.8 years in 2000 to 20.0 years in 2014, as the supply of large buildings continued even after the bubble years.
- ・Average age of Small/Medium Buildings increased from 16.2 years in 2000 to 26.3 years in 2014, as supplies in the years following the large-supplied bubble years were small.
- ・Ageing of small/medium buildings is more prominent than that of large buildings.
Small/Medium Building: GFA 300-5,000 tsubo (990-16,500 sqm) | Large Building: GFA over 5,000 tsubo (over 16,500 sqm)
