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Seoul Office Vacancy Rate Lowest Since 2009 at 3.9%… Rent Rise ‘Extraordinary’ The Seoul office vacancy rate is at its lowest level since 2009. According to a report published by JLL Korea named ‘Seoul Class A Office Market Trends in Q2-2022’, the vacancy rate of Class A offices in Seoul in the second quarter of this year was down 1.6% from the previous quarter to 3.9%, the lowest recorded since the third quarter of 2009 when vacancy rates were 3.3% on average. The vacancy rate in the city center was 7.1%, a decrease of 1.72% from the previous quarter. The Yeouido area recorded a 3.7% vacancy rate, down about half […]
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