This data comes from the Domestic Commercial Real Estate Market Report for Q3 of 2023, released by CBRE Korea on October 19. According to the report, the Grade A office vacancy rate in the third quarter was 1.7%, while new supply pre-leasing transaction activity was high and recorded 160,000 square meters. Nominal rent increased by 1.2%, and due to reduced incentives, real rent increased by 2.1% in the third quarter, and there was a steep rent increase of 11.6%. By region, the central business district (CBD) saw the integration of the headquarters of large domestic conglomerates and the flight-to-quality (FTQ) relocation of financial companies, which accounted for 72% […]