
CBRE Korea Reports Vacancy Rates for Grade A Logistics Properties in Seoul Metro at 21.3%
2024. 07. 23 · Byungki Koh
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According to CBRE Korea, the average vacancy rate in the grade A logistics market in Seoul metro area increased by 2.6%p to 21.3% in the first half of this year. The vacancy rate of room temperature logistics centers increased by 3%p to 14% compared to the previous period, while the vacancy rate for refrigerated centers remained flat at 43%. The average nominal rent for room temperature increased by 0.8% compared to the second half of last year, reaching KRW 34,875 per pyeong. For refrigerated, it was confirmed to have increased by about 0.4% compared to the second half of last year, reaching KRW 61,640 per pyeong, showing a […]
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Content Editor, Seoul Property Insight(SPI)
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