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Blackstone and Brookfield Experience Unique Seoul Office Market

2024. 04. 15 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

  The COVID-19 pandemic had a large influence on the global office market. Working from home became a widespread practice that hit the global office market hard. This had the biggest impact in the US. According to Castle Systems, an access system management company, the average attendance rate in office markets in the top 10 American cities is still only 50%. Even big global alternative investment players, Blackstone and Brookfield, could not escape this crisis. Offices in which Blackstone and Brookfield invested have also been hit hard, and many are being sold at rock-bottom prices. Some Korean investors are seeing an opportunity in these low prices. Last year, MDM and […]

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