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Vacancy Rate for Gangnam Office Buildings Hits Historic Low The average vacancy rate for office buildings in the Gangnam area of Seoul has hit a historic low. According to the Korea Real Estate Board rental trends survey for Q1 of 2022, the vacancy rate in office buildings in Gangnam is 5.6%. This is the lowest since recordkeeping for this statistic began in 2013. This is the fourth quarter in a row that the vacancy rate has fallen since the first quarter of 2021. Corporate statistics show even lower vacancy rates. According to the Kyobo Realco Q1 office market report, the office vacancy rate in the Gangnam area (GBD: Gangnam and […]
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