South Korea
Seoul prime office rents record highest increase since 2008
Face rents grew 8.1% in the first quarter of 2023.
Seoul prime office rents record highest increase since 2008
Face rents grew 8.1% in the first quarter of 2023.
Here’s what to expect from Seoul’s office property sector this year
Find out which projects are slated for completion.
Net absorption in Seoul CBD’s office sector falls for the first time since 2021
It stood at -2,700sqm in Q1 2023.
Seoul office net absorption still on a positive streak for 11 consecutive quarters
The city’s Q4 net absorption was at 14,800 pyeong.
Seoul’s Q4 industrial vacancy rate at its highest since 2020
The vacancy rate was at 8.2%.
Myeongdong retail vacancy rate surges to 42.1% as Zara exits
Vacancy rates in Seoul increased during Q3.
Why there is limited hotel supply growth in Seoul
Most of the new supply is slated to enter destinations such as Busan and Jeju.
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 industrial net absorption continues its long-term positive streak in Q3
Net absorption was at 144,900 pyung, the 17th consecutive quarter of positive figures.
This Seoul district just saw its highest office rental growth since 2008
Rents grew 8.7% in Q3 in this area.
Seoul prime office vacancy rate falls to 3.3% in Q3
All major districts in the city saw declines in vacancy rates.
South Korea hotel transaction volumes to hit US$1.4b in 2023
Next year is expected to be a subdued one for hotel investments in the country.
Seoul industrial rents inch up 1.6% in Q2
Rents in all submarkets except the West increased in the quarter.
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%.
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Empire East Land Holdings lands two wins at Real Estate Asia Awards 2024
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The company believes innovation and data-driven strategies are paramount to a sustainable future.
The company believes innovation and data-driven strategies are paramount to a sustainable future.
