While COVID-19 has impacted the world, causing two years of difficult times for societies and economies around the world, the office market, often called the ‘flower’ of commercial real estate, was in full bloom last year. Contrary to some concerns about an increase in vacancies and a drop in prices in line with the difficult economic situation, the vacancy rate fell while rent prices increased. Meanwhile in the investment market, last year brought a record office transaction volume, and the transaction prices also rose sharply. More specifically, in the case of the office rental market, the vacancy rate in major office districts showed a downward stabilization trend. The vacancy rate, […]