Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
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Jonathan Price – CRE & Flex Expert
- Singapore-based coworking space operator, JustCo, announced this week that it has signed an agreement with Tokyu Corporation to open its first coworking location in Japan.
- The new coworking space is slated to open in 2022 and will be located in Tokyo’s Shibuya district.
- JustCo is confident that the shift to hybrid work will increase corporate appetite for flexible workspace solutions.
Singapore-based coworking space operator, JustCo, announced this week that it has signed an agreement with Tokyu Corporation to open its first coworking location in Japan, in Tokyo.
JustoCo’s Tokyo coworking space will be at Shibuya Hikarie, a Grade A building that sits atop Shibuya train station. Shibuya is a district in Tokyo known for being home to large tech companies and startups. The space is slated to open in January 2022 and will offer two membership plans:
- Private Studio: Members will gain access to exclusive studio space, to work in a peaceful and secure environment. Price varies depending on the size and type of workspace requirements.
- Hot-desk and Dedicated Hot-desk: These memberships are on monthly and unlimited access.
In addition to office space, the coworking center will provide members with access to event space, meeting rooms, and private phone booths. Amenities include locker rental, 24/7 access, mail handling services, cleaning services, office supplies, and more.
Members of JustCo’s Shibuya Hikarie location will also gain direct access to an extensive network of JustCo locations across nine gateway cities in Asia Pacific.
Coworking Spaces Will Support Hybrid Work in Japan
Recent surveys have found that over 20% of companies in Japan are interested in leveraging flexible workspace solutions as part of their corporate real estate strategies moving forward, according to KONG Wan Sing, Founder and CEO of JustCo.
A spokesperson from Tokyu Corporation said that “businesses are increasingly seeking flexible work models to support hybrid work arrangements and work-from-anywhere policies.”
In July of 2020, IT and manufacturing conglomerate Fujitsu Ltd., announced that it would slash its real estate footprint by half in less than three years. However, the company also said that it would continue to need and use office space, despite remote work becoming the norm for its employees.
According to company statements, Fujitsu has plans to leverage third-party office space, like coworking spaces, to support employees that do not have access to a productive work environment at home.
JustCo and Tokyo Corporation are confident that the shift to hybrid work will increase corporate appetite for flexible workspace solutions, and they are hoping that JustCo at Shibuya Hikarie will appeal to all businesses and companies looking to tap into Shibuya’s energy. Back in December of last year, JustCo announced that 90% of the new business inquiries for JustCo were coming from enterprises.
