WeWork opens first of four Tokyo locations

US-based co-working space company, WeWork, will open the first of its four planned office spaces in Tokyo on 1st February.

WeWork is a start-up currently valued at $20bn. It first entered the Asian market in mid-2016, according to Tech in Asia, when it opened up space in Shanghai. Most recently, it opened in Singapore at the end of last year.

It also benefitted from $4.4bn investment from Japanese company Softbank in 2017.

See also:

Chinese businesses drive up Hong Kong office rents

WeWork expands into the Asia market

Business Chief Asian Edition – January issue out now!

The first location will be in Roppongi’s Ark Hills South Space, with new offices planned in Ginza, Shinbashi and Marunouchi Kitaguchi.

Workers, who will consist mainly of entrepreneurs and start-ups but also from larger companies which wish to avoid the overheads attached to more permanent office space, can expect to pay around $490 per month for a seat of $1,145 per month for a private office as part of the company’s flexible hot-desking offer.

According to Bloomberg, the start-up plans to open in total between 10 and 20 locations in central Tokyo. Japan CEO Chris Hill told the news outlet: “We have looked at a lot of office space here in Tokyo and much of it is inefficient, we are going to take advantage of making it a lot more efficient, a lot more user friendly, a lot more conducive to collaboration.”

Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital