SPI Weekly Korean Market Update(1/24~1/31)

2022. 01. 31 · SPI

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Office vacancy rate in Gangnam, Seoul dips below 1% for the first time in Q4 2021 Gangnam (GBD) , one of Seoul’s three biggest office markets, dipped below vacancy rate of 1%. According to commercial real estate service company, Kyobo Real Co.’s recently published ‘Q4 2021 Office Market Report’, Gangnam’s office market hit 0.84% in Q4 after a 0.52% decline from Q3. This represents a significant improvement since Q1 2021, when it hit 5.03%. This is the first time the Gangnam office sector dipped below 1% since Kyobo started this market research in 2010. Rent is also showing a steady increase as Gangnam recorded 26,300 won per sqm in Q4 […]

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