“When will the market normalize?” Seven months have passed since a report with the same title as this article was published in October 2023. Office transaction volume in the first quarter of 2024 has hit KRW 2.7 trillion, more than twice the KRW 1.2 trillion from the same period last year. Simply looking at the numbers, it appears that the market has recovered to some extent. To say that there has been full recovery, however, might be taking it too far. These transactions are happening due to delays, sometimes of more than a a year, and considerable effort, rather than from new investment. So what is the market […]