Parties showing interest include both foreign and domestic investors and realtors.
Seat of the Hokkaido Prefectural Government Sapporo came into international prominence nearly thirty years ago as the city began to prepare for the opening of the 1972 Winter Olympic Games. Construction of underground shopping arcades, subways, and roads were all accelerated at that time. Although Hokkaido suffered an economic slowdown as a result of the collapse of the Hokkaido Takushoku Bank, demand for office space began to show signs of recovery in the latter half of 1999 and early 2000. There, a 38-story high rise started at the end of 1999 is expected to open in April 2003. The local economy, in which the Toyota Motor Corporation is a major player, is marked by shipping and manufacturing of transport and general machinery.