seoul office leasing demand
Seoul office vacancy rate hits 13-year low of 2.5% in Q3
Seoul office vacancy rate hits 13-year low of 2.5% in Q3
This is the lowest recorded vacancy rate since Q2 2009.
Why Seoul’s office market has been resilient despite uncertainties
Annual rental growth was at a record 21.4% in Q3 amidst a global economic slowdown.
Seoul prime office vacancy rate falls to 3.3% in Q3
All major districts in the city saw declines in vacancy rates.
Seoul Grade A office vacancy rate hits 13-year low of 3.9%
The city’s vacancy now hovers below the natural vacancy rate.
Here’s how Seoul’s business districts are likely to perform in H2
Office leasing activity is expected to be subdued for the remainder of the year.
Seoul prime office rents up 2.7% in Q2
The Gangnam Business District saw the highest growth of 4%.
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.
Which industry accounted for the most office leasing demand in Seoul?
57% of leasing activity came from this sector.
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