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.

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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.”