Building Owner Survey 2015 Discover the mindset and challenges of the small-medium building owners
In April 2014, Xymax Real Estate Institute released a report "Office Stock Pyramid 2014"*1 in which we picked up the fact that the small and medium buildings have reached 90% of the entire buildings in Tokyo 23 Wards in terms of number of buildings and that such buildings are aging. This means that a large part of the buildings in Tokyo's office market will get old and see an increase of maintenance costs and owners will sooner or later decide to sell them or demolish them and construct a new building. However, there is almost no study focusing on the owners of these buildings, such as their age, number of buildings they have, their way of thinking and challenges they face.
For this study, we worked jointly with the laboratory of Professor Yukio Komatsu of the Department of Architecture at Waseda University*2 and conducted surveys and interviews with owners*3 who have buildings mainly in central Tokyo. The results are compiled and summarized in this report.