Parc One Brings Change to Yeouido Office Market, but It’s No IFC

2021. 11. 02 · HyungKoo Lee

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

The Yeouido office rental market has been a cause for worry for a while now. There was a relatively large number of newly supplied offices compared to the total area in Yeouido. Despite the oversupply, the rental market is undergoing a fast recovery. IFC’s Impact and Availability of Super-Large Office Buildings Prior to the IFC, the Yeouido office rental market had always maintained a vacancy rate than was normal than the natural average. When IFC One opened in October 2011, with a total floor area of 99,418 ㎡, it raised the Yeouido office vacancy rate slightly from 2.6% to 3.9%. The following August, when IFC Two opened with […]

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HyungKoo Lee

Head of Research & Consulting, GenstarMate

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