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CBRE Korea: Seoul Commercial Real Estate Transactions in Q2 Decreased by 12% to KRW 3.7686 trillion

2024. 07. 23 · 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.

    In the second quarter of 2024, the commercial real estate investment market in Seoul recorded a decrease of 12% compared to the previous quarter, reaching a total of KRW 3.7686 trillion. The transaction volume of office assets was approximately KRW 1.2345 trillion, and active transactions were observed mainly in the Gangnam area. However, due to the lack of transactions in Class A assets, the total volume has significantly decreased compared to the previous quarter. There was one significant transaction in the office market where Capstone Asset Management acquired Icon Yeoksam, owned by British firm M&G, for KRW 204 billion. Logistics transaction volume was approximately KRW 1.0322 trillion, and […]

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