South Korea
Seoul CBD office vacancies to remain tight over next three years
Seoul CBD office vacancies to remain tight over next three years
Savills sees 343,000sqm of new supply with minimal impact on vacancies.
1 hour ago
Seoul CBD set for major office supply wave through 2032
More than 2.5m sqm of prime space will be completed over the next seven years.
1 hour ago
Seoul prime logistics supply to remain lacklustre in 2026
2025’s total supply will just be over a quarter of last year’s levels.
Why Seoul recorded negative office demand in Q3
Net absorption was -102,600sqm during the quarter.
Guess which area in Seoul saw the largest retail rent increase
Rents in this area grew by 1.0% in Q3.
Why Seoul’s office leasing market might be volatile through H1 2026
Major conglomerates are either downsizing or relocating.
Seoul’s 2025 office transaction volume on track to surpass 2021 peak
Transaction volumes reached a record KRW14.6 trillion in 2021.
Seoul industrial transaction volumes record strong rebound in Q3
Thanks to landmark deals that were delayed from the prior quarter.
Seoul Q3 prime office rents climb 4.6%
Meanwhile, average office maintenance fees rose 2.9%.
Seoul prime office net absorption hits -18,600sqm in Q3
Learn more about how net absorption in each of the submarkets fared.
What will fuel growth in Seoul’s data centre market?
The development pipeline rose by 12% to a total of 715MW.
Seoul’s 2025 industrial supply to underperform 2024 totals
This year’s supply is expected to be only less than a third of last year’s supply.
Upscale acquisitions to dominate Seoul’s hotel investment transactions
Meanwhile, upscale master-leased hotels led the transaction market in H1.
Seoul office transaction volume hits highest quarterly volume in four years
Office transaction volume hit KRW5.4 trillion in Q2 2025.
Seoul CBD prime office vacancy rate expected to edge up in Q3
There are several lease expirations and downsizing transactions.
Seoul Q2 office transaction volume grows 1.5x higher than 2024 levels
Total investment volume hit KRW5.8 trillion or USD4.2 billion.
Guess which Seoul district recorded the highest office rental growth in Q2
Rents in this district grew by 4.9% during the quarter.
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