Korea
Korean retail investment volume hits 10-year low in 2023
Korean retail investment volume hits 10-year low in 2023
Most of the transactions were for redevelopment.
Korean hotel investment activity forecast to pick up this year
This is particularly true for luxury hotels.
Korean logistics transaction volume hits over USD6.4b in 2023
This is approximately the same level seen in the previous year.
Korean cold storage rents decrease by 7.9% in 2023
Dry storage rents also declined by 1.3%.
Korea total logistics stock reaches over 35m sqm in 2023
Majority of the gross floor area is in the Seoul Metropolitan Area.
Korea prime office transaction volume hits USD7.5b year-to-date
This represents 67% of the annual peak in 2021.
Korea office transaction volumes hit USD2.2b in Q3
One of the major transactions is a USD532m deal for Shinhan Investment Building.
Korea real estate investment volume hits USD2.8b in Q2
The A Plus Asset Tower was sold for a record USD36,560 per pyeong.
Seoul’s Q1 office leasing activity “outstanding”: JLL
Net absorption has been positive for the past eight quarters.
Korea’s Q1 office transaction volume hits USD3.6b
The largest deal that is still ongoing is worth USD3.2b.
Seoul to see 1.5 million pyung of new logistics centres by end-2022
These will be concentrated in the South-east and the West sub-markets.
What to expect in Seoul’s Grade A office market this year
There is no new Grade A office supply scheduled for completion in the coming year.
Korean office transactions reach over US$14b in 2021
It exceeded the US$13.6b worth of transactions in 2020.
Seoul Grade A office rents hit record highs
Rents reached KRW100,400 per pyeong in the final quarter of 2021.
Seoul retail vacancy rates decline except in Gangnam and Myeongdong
The vacancy rate in Gangnam was at 36.1% in Q4 2021.
Which industry accounted for the most office leasing demand in Seoul?
57% of leasing activity came from this sector.
Check out this emerging retail and office district in Seoul
Seongsu has been attracting startups due to reasonable rents.
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