The capital city of Japan, Tokyo’s skyline is set to welcome 45 new skyscrapers by the time the city readies itself to hosts the Olympics in 2020. The city will see the presence of nearly 50 percent more new high-rise space in the next three years than it did in the preceding three. New leaseable office space in buildings with floors of over 661 square-meters in the three central wards in Tokyo will rise to about 1.8 million square-meters in 2020 from 1.2 million square-meters in the three years to 2017. Also, properties in areas such as the Marunouchi district near Tokyo Station, a 41-floor new main building at the iconic Hotel Okura is scheduled for completion in 2019. Seventy-five percent of new constructions in the 2016-2018 period will be in the central Chiyoda, Chuo and Minato wards, compared to 61 percent from 2011 to 2015, according to Mori Building Co Ltd. research.
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