Let’s talk about the issue of Seoul’s office exclusive efficiency rate. As a global office leasing consultant, I provide advice on Korean office leasing to foreign conglomerates and public institutions. Whenever I consult with my clients, I notice the differences between foreign and Korean tenants. Foreign tenants always ask about the going rental rate. And when discussing the total area with foreign clients, I always have to check whether they are asking about net or gross area, since most assume that the area written in the contract is the area for exclusive use. Many are surprised when they find out that the area listed on the lease can be nearly […]