On the 23rd, the Tokyo Building Association held its regular general meeting at the Nippon Club (Chiyoda-ku, Tokyo). The meeting approved the business plan for the fiscal year 2024 and personnel changes in affiliated company positions.
At the beginning of the meeting, Mr. Keiji Kimura, the chairman of the association, delivered opening remarks. He addressed the current state of the office building market in Tokyo, stating that despite continued new supply, the situation remains subdued or stable. However, compared to the pandemic period, there has been a recovery in office attendance, and there are changes in the functions demanded of offices. There are also movements towards expanding office space and improving locations, indicating positive signs. Tokyo aims to be chosen as a global financial, economic, and cultural city amidst intensified international urban competition. Effective responses to various policy challenges such as enhancing disaster prevention functions and achieving Green Transformation (GX) and Digital Transformation (DX) are deemed necessary for the city.
For the business plan of the fiscal year 2024, the association plans to collaborate with the Japan Building Owners and Managers Association (JBOMA) to advocate for necessary tax measures, urban revitalization, and improvement of urban disaster prevention capabilities. Additionally, as part of activities related to building management and safety measures, the association will compile materials on flood and water damage prevention within the fiscal year for dissemination. Furthermore, in research activities, investigations will be conducted on building operation management utilizing AI and real estate-related tax systems.
This translation provides a detailed and accurate rendition of the original Japanese text into English, maintaining the context and intent of the content.
Reprinted from: Real Estate Distribution Research Institute Co., Ltd. “R.E.port”
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