A survey by Tokyo Shōkō Research of where Japanese company presidents live found that the top spot, as in the previous survey conducted in 2017, is Akasaka in Minato, Tokyo. With 3,545 business presidents living in the neighborhood, Akasaka is considerably more popular than the other places in the ranking. Minato neighborhoods occupy seven of the top 10 places in the rankings, reflecting the growing trend to choose a residence close to work. The survey was based on data from 3.9 million businesses across Japan.

Some of the locations ranked outside of the top 10 that increased significantly were Toyosu in Kōtō and Kachidoki in Chūō (both in Tokyo), which fell from 27th to 13th and 22nd to 14th, respectively. The growing popularity of the neighborhoods appears to stem from the abundance of high-rise condominiums and well-developed infrastructure for daily life like hospitals, parks and schools, as well as easy access to the heart of Tokyo.

Meanwhile, the Seijō district in Setagaya, Tokyo, fell in the ranking from 15th to 21st. Seijō has been popular as a quiet upscale residential area, but it seems to be on the losing side of the trend of choosing residences near the office.

Most popular neighborhoods for Japanese business presidents to live

Created by Nippon.com based on data from Tokyo Shōkō Research; numbers in parentheses indicate ranking in the 2017 survey.

The ranking by municipalities shows that all the top 10 locations are in the 23 municipalities of central Tokyo. Setagaya has the highest concentration of company presidents, with 48,878. The region has the largest population and number of households among the 23 municipalities, and is home to quiet residential neighborhoods well known as Seijō. The municipality with the second highest number of corporate presidents is Minato. With 13.1% of its total population made up of company presidents, it is difficult to walk the streets of the town without passing one. The third municipality is Ōta, which is home to many presidents of small and medium-sized businesses, including manufacturing companies, and is also home to high-end residential areas like Denenchōfu and Sannō.

Most popular municipalities for business presidents to live

Created by Nippon.com based on data from Tokyo Shōkō Research; ranking unchanged from 2017.

Tokyo Shōkō Research interpreted the results of its survey as follows: “In order to enjoy their privacy in the midst of their hectic work tasks, company presidents choose residences with a view to a convenient location close to work. . Other factors driving the trend towards central locations are the choice of many condominiums with good security in the downtown area and the fact that a younger generation of corporate presidents take over businesses.

(Translated from Japanese. Banner photo © Pixta.)