Competition
The Tokyo Midtown, which is Tokyo's latest mixed-use development project, is built less than a kilometer from the borders of Roppongi Hills. As it will incorporate Tokyo's tallest building, a sizable park, and a museum, in addition to a complex of residential and offices, it was expected that this project would increase the competition for customers upon the opening. However, as of January 2008, the Tokyo commercial real estate market is still suffering from insufficient capacity and occupancy rates throughout the city are at record highs.
Read more about this topic: Roppongi Hills
Famous quotes containing the word competition:
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)
“Every sect is a moral check on its neighbour. Competition is as wholesome in religion as in commerce.”
—Walter Savage Landor (1775–1864)