Shibuya’s Silicon Valley status pushing rents to new highs

Thanks to its fast-growing status as Japan’s new tech center, Shibuya has outpaced Chiyoda as the most expensive office district in Tokyo.

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Shibuya onsen to be converted into shared office space

An office conversion is planned for a long-shuttered spa and onsen building in downtown Shibuya. Shiespa, located 600 meters from Shibuya Station, opened in 2006 as a women-only spa and onsen. It closed its doors in August 2007 and has sat vacant ever since.

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Office rents on the rise as Shibuya returns as Japan’s IT hub

The major redevelopment projects currently underway around Shibuya Station are, as expected, pushing up office rents. The announcement that Google Japan will relocate their head office to the recently completed Shibuya Steam building next year has heralded the return of Shibuya as Japan’s ‘Bit Valley’ and has been the driving force behind the district’s booming office market.

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