Osaka Bound: Businesses Consider Alternative to Tokyo Office Space
The demand for office space in Osaka could increase in the wake of JapanΓÇÖs devastating earthquake, with businesses relocating or establishing back-up offices away from the traditional business centre of Tokyo in an attempt to minimise disruptions to JapanΓÇÖs supply chain.
Reported on the Bloomberg website, predictions of this shift toward non-Tokyo based offices come from JapanΓÇÖs second largest business lobby, Japan Association of Corporate Executive (JACE), who believe that the disruption and on-going concerns surrounding Tokyo have prompted businesses to consider spreading their operations.
ΓÇ£People may start to think itΓÇÖs better to disperse their risks, that itΓÇÖs better not to put all your eggs in one basket,ΓÇ¥ explained Hideo Hayakawa, Branch Chief of the Bank of Japan in Osaka, ΓÇ£These completely unanticipated threats will continue to hit us, as was the case with the tsunami and the nuclear power plants this time.ΓÇ¥
According to the report several firms have already begun to shift the location of their office space, while serviced office space provider Servcorp and recruitment firm Robert Walters have also stated that they expect demand for their services to continue to rise in and around Osaka.
Serviced office space, such as that offered by Servcorp, is a readily available resource for businesses during a disaster recovery situation such as those being faced by Japanese firms at present, with the fully furnished office space and ready-to-go telecoms on offer providing a very real ΓÇ£plug-n-playΓÇ¥ solution.
Evidence that JapanΓÇÖs stricken businesses have already identified and utilised this resource is provided by Servcorp, whose Osaka office, which Bloombery reports to normally operate at an occupancy level of between 70%-80%, is now fully occupied.