Securing a Temporary Relocation Site as a Last Resort

In the 1980s, Japan’s growing trade imbalance with other countries forced the country to open up its markets and shift to policies for domestic demand expansion, which had the effect of making the rental market conditions in downtown Tokyo increasingly tight. Many other companies in our industry that owned buildings wanted to rebuild their existing buildings in order to expand their business, but they were hesitant to do so because of the problem of relocating tenants. No building could be found to take the tenants, an even if one were found, it would be even more difficult to secure space impartially for all tenants. The compensation that would have to be paid to tenants as a result was impossible to estimate. These were the circumstances under which the company planned to rebuild the Hibiya Daibiru Buildings.