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Seoul Office Vacancy Rate at 3.8%, Lowest in 13 Years The vacancy rate in the Seoul office rental market has reached its lowest level since 2009. According to the Avison Young ‘May Seoul Office Rental Market Analysis Report’ published on the 4th, the vacancy rate in the Seoul rental market in May was 3.8%, down 0.3% from April, which is the first time the rate has reached the 3% level since the first half of 2009. The vacancy rate in the Gangnam business district, where competition for offices is fierce, recorded 2.0%, down 0.1% from the previous month. The average vacancy rate in Seoul fell due to companies that were […]
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