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:
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)
“Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.”
—Franklin D. Roosevelt (1882–1945)
“All adults who care about a baby will naturally be in competition for that baby.... Each adult wishes that he or she could do each job a bit more skillfully for the infant or small child than the other.”
—T. Berry Brazelton (20th century)