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.
Various IT-related ventures are following suit, relocating or setting up new offices around the station. The first stage of the Shibuya Station area redevelopment was the 34-storey Shibuya Hikarie building, completed in 2012. DeNA, an e-commerce site provider with 2,400 employees, moved their head office to the Hikarie building.
IT recruiter Leverages Co., Ltd. will move their head office to the Shibuya Scramble Square East Building in Autumn 2019. Shibuya Scramble Square East is a 229m tall, 47-storey office tower located above Shibuya Station. It is due for completion next year. Social media company mixi is also relocating their head office to the new building. Media company CyberAgent, Inc. will take up 5 floors in Shibuya Scramble and 13 floors in nearby Abema Towers.