top of page
cityscape-south-korea-night-traffic-speeds-through-intersection-gangnam-district-seoul-sou

OUR INSIGHT

Seoul Office
Market Research

Seoul Office Market Research

  • The vacancy rate in Seoul has reached the same low level as it was 10 years ago, and the  vacancy rate in the core area, GBD, is the lowest one.

  • The property market has shifted from being tenant-oriented to becoming landlord-oriented due to a shortage of supply to meet the demand in the GBD (Greater Business District). (ex. disappearance of rent-free)

Grade A Vacancy Rates

2-1.png

Grade A Supply Forecast (‘000 ㎡)

2-2.png

  • Among the business districts of Seoul, GBD has [the lowest capitalization rate] and [the highest Transaction Price/py].

  • Due to a shortage of office space, property values in the Gangnam area have been on the rise

Cap.Rate & Vacancy Rates

2-3.png
bottom of page