Korea

Korean retail investment volume hits 10-year low in 2023

Most of the transactions were for redevelopment.

Korean retail investment volume hits 10-year low in 2023

Most of the transactions were for redevelopment.

Korean logistics transaction volume hits over USD6.4b in 2023

This is approximately the same level seen in the previous year.

Korea total logistics stock reaches over 35m sqm in 2023

Majority of the gross floor area is in the Seoul Metropolitan Area.

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.

Check out this emerging retail and office district in Seoul

Seongsu has been attracting startups due to reasonable rents.