South Korea
Seoul logistics rents rise modestly as dry storage vacancy eases
Seoul logistics rents rise modestly as dry storage vacancy eases
The vacancy rate for dry storage declined to 13% in 2025.
Korean logistics completions plunge 74% in 2025 as new supply slows
Total logistics stock reached 42.8 million square metres.
Seoul office rents rise as investment hits record high
Office transaction volumes reached a record KRW 6.0 trillion.
Seoul logistics market rebalances as 2025 absorption outpaces new supply
This marks the first time in four years that this occurred.
Seoul office investment surpasses KRW21 trillion in 2025, setting new record
The previous historical high was recorded four years ago.
Downsizing, relocations to shape Seoul office market in 2026
The market faces moderate vacancy shifts this year amidst relocations.
Seoul prime office rents rise 5.1% in Q4
CBD, GBD, and YBD all posted rental increases.
Seoul office take-up steady despite relocations across major districts
The market recorded a total net absorption of 11,200 sqm in Q4.
Seoul CBD to see first prime office leasing supply since 2020
Three new prime towers are set for completion in 2026.
Seoul CBD office supply in 2029 likely to fall short of projections
Only 56% of projected 2029 CBD office supply likely to hit leasing market.
Seoul CBD office vacancies to remain tight over next three years
Savills sees 343,000sqm of new supply with minimal impact on vacancies.
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.
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.
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