Magok is one of the hottest topics in the Seoul office market this year. This is because there is a large-scale new supply of approximately 210,000 pyeong planned just in the Magok area this year. The most active year for office supply in Seoul in the past decade was 2020. Approximately 190,000 pyeong of office space was supplied in major office districts in Seoul, the CBD, Yeouido, and Gangnam. However, the office space being supplied in Magok this year exceeds this level by a large margin. There are expectations that the large-scale supply in Magok will help alleviate the shortage of vacancies and the rapid increase in rental […]