The office market in Bundang, which includes Pangyo, has established itself as at the same level as Seoul’s three major office districts (Central, Gangnam, and Yeouido). The tenant pool in the Bundang office market has been diversifying, expanding from existing IT companies to include manufacturing, such as semiconductor-related businesses, and accordingly, the rental market continues to maintain itself at a stable level. According to Kyobo Realco, the vacancy rate in the Bundang office area was around 3.76% as of the end of 2024.   Office transactions continue at a steady pace. Last year, TPG Angelo Gordon partnered with Pebblestone Asset Management to acquire the KT&G Bundang Tower for […]