The office market in Pangyo, a neighborhood in Seongnam-si, Gyeonggi Province, is holding on to the era of zero vacancy rates in its office buildings. At the center of the booming office market is Pangyo Techno Valley 1, which has grown into one of the four largest business districts in Korea since its completion in 2012. According to the most recent JLL Korea 2022 Pangyo Office Market Report, the vacancy rate in the Pangyo area has been consistently at 0% since 2020. The Pangyo office market has the geographical advantage of proximity to Gangnam (Seoul), which is only 10km away, but also has ample residential availability which makes it more […]