South Korea
Seoul’s Grade A office leasing market remains healthy despite negative absorption
Demand in Gangnam reached record highs since Q1 2022.
Seoul’s Grade A office leasing market remains healthy despite negative absorption
Demand in Gangnam reached record highs since Q1 2022.
Seoul’s Q3 industrial net absorption reaches record highs
Net absorption was at 77% of the total figures recorded in 2022.
South Korean property investment markets to remain subdued till year-end
Investors are still highly selective.
Seoul adds over 1,000 new hotel rooms in H1
This includes a luxury project with more than 600 rooms.
Seoul shopping mall rents inch up 0.8% in Q2
High street rents also slightly increased by 0.6%.
Seoul industrial vacancy rate rises for the sixth consecutive quarter
Vacancy stood at 16.0% in Q2.
Seoul’s Grade A office vacancy rises for the first time since 2021
The vacancy rate grew by 94 bps to 2.0% in Q2.
Seoul’s hotel supply pipeline concentrated in provincial markets
Around 3,000 new hotel keys are expected to be added this year.
Seoul industrial vacancy rate hits 5-year high of 12.6% in Q1
This is the highest vacancy rate since 2018.
Seoul’s Grade A office vacancy now at an all-time low of 1.1%
The vacancy rate has been steadily decreasing since 2021.
Why Seoul’s office transaction volumes crashed in Q1
The city’s KRW989.5b transaction in Q1 is a mere 26% of the volumes recorded the previous year.
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.
Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
