South Korea
Seoul Q2 office transaction volume grows 1.5x higher than 2024 levels
Seoul Q2 office transaction volume grows 1.5x higher than 2024 levels
Total investment volume hit KRW5.8 trillion or USD4.2 billion.
6 days ago
Guess which Seoul district recorded the highest office rental growth in Q2
Rents in this district grew by 4.9% during the quarter.
Seoul prime office net absorption down 5,900sqm in Q2
GBD was the only district to record positive net absorption.
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.
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1. Tokyo to see three new luxury hotels in H2 2025 2. Brisbane CBD records nearly 180,000sqm of new office space under construction 3. Seoul Q2 office transaction volume grows 1.5x higher than 2024 levels 4. Bangkok to welcome two new office projects by year-end 5. A new 50,000sqm luxury shopping mall is set to open in Hanoi this yearResource Center
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