South Korea

Seoul office rents to rise by 4-5% this year

Vacancy will only start to increase from 2026.
6 days ago

Seoul office rents to rise by 4-5% this year

Vacancy will only start to increase from 2026.
6 days ago

Seoul office vacancy rates to remain low for the next two years

This is due to the absence of new supply in 2025.
6 days ago

Why Seoul’s office market is still performing better vs APAC neighbours

The city’s transaction volume declined at a slower rate compared to other markets.

Seoul prime office segment’s demand and vacancy dynamics revealed

Annual prime office supply averaged 190,000sqm over the past 10 years.

Seoul 2023 prime logistics demand breaches levels from the past two years

Total net absorption hit over 1.1 million pyeong throughout the year.

Seoul sees 2,000 new luxury hotel rooms in 2023

But supply growth will be muted in 2024.

Seoul office demand hits annual high in Q4

Net absorption was at 24,200 pyeong during the quarter.

Seoul office vacancy rates to hold steady until H1 2026

Most vacancies will be taken up by pre-leases.

Seoul office transaction volumes drop 30% to KRW9.3t in Q4

Withdrawn deals increased due to a mismatch in bid-ask prices.

Seoul prime office rental growth slows to 4.8% in Q4

This is from a 7.1% growth recorded in the previous quarter.

Seoul prime office net absorption hits 20,000sqm in Q4

The vacancy rate slightly declined to 3.1% during the quarter.

Seoul retail rents continue to rise in Q3

Rents in Myeongdong saw the largest growth of 1.8%.

Seoul’s new hotel supply pipeline remains muted 

There were only 1,058 rooms completed in the first nine months of 2023.

Seoul’s Q3 industrial net absorption reaches record highs 

Net absorption was at 77% of the total figures recorded in 2022.