“While there are many transactions concentrated in the office market, likelihood of deals falling through is unknown.” This quote comes from CBRE Korea on October 30. It is a good paraphrasing of the current mood of the office market. This year’s Seoul office market has seen one of the highest concentrations of assets for sale in its history. However, transactions are not nearly as active. With high interest rates and liquidity lacking, buyers and sellers are not seeing eye-to-eye on prices, causing deals to collapse. Cases where transactions were completed had sellers adjusting their expectations to increase the likelihood of closing. Early this year, the Seoul office market […]