South Korea
Seoul Q1 industrial absorption exceeds new completion volume by 31%
Seoul Q1 industrial absorption exceeds new completion volume by 31%
Net absorption was at 154,400 pyeong during the quarter.
Seoul office vacancy rate down to 2.8% in Q1
Yeouido saw the largest improvement in vacancies.
Seoul shopping mall rents down 2.3% in Q1
High street rents still saw a slight growth during the quarter.
Guess which Seoul district had the highest office rental growth in Q1
Rent hikes in remodeled assets drove the hike.
Seoul office investment market slows down in Q1
There were limited transaction closings.
Seoul office investment transactions up 6% in Q1
Learn more about some of the key deals during the quarter.
Seoul prime office net absorption reaches 3,700sqm in Q1
The YBD drove the market’s positive net absorption.
Seoul to see over 2.5m sqm of new prime office supply until 2029
This is 1.4x higher than the 10-year average.
How the rise of single-person households impacts Korea’s residential market
Over 40% of households in Korea are single-person households.
Seoul’s 2025 office investment volumes to breach 2024 totals
Transaction volume is expected to reach KRW 13 trillion this year.
Seoul’s landlord-favourable office market to persist in 2025
But tenant fatigue may constrain demand.
Seoul office transaction volume surges 24% in 2024
Total investments hit KRW 11.6 trillion during the year.
Seoul prime office absorption underperforms 10-year average
Absorption only reached 133,300sqm in 2024.
Seoul prime logistics supply to stabilise from 2025
Concerns about oversupply are expected to be reduced.
Why Grade B office vacancy rates are expected to rise in Seoul this year
There are several new projects set to enter the market.
Luxury segment to drive Seoul’s hotel supply until 2030
Over 2,000 new rooms are planned to materialise by then.
Seoul mall vacancy rates fall to a record 0.9% in Q4
This is the lowest level since 2019.
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1. Four major Australian CBDs record positive office absorption in Q2 2. Australian industrial take-up hits 1.2m sqm in H1 3. India office leasing volumes soar 20% to 1.2m sqm in Q2 4. Singapore industrial investment sales record sixfold increase in Q2 5. South Brisbane industrial demand doubles in Q2Resource Center
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