Korea’s office market is looking very different from the US. The fundamentals of the office leasing market remain strong, and deals are taking place, albeit less frequently. Two deals have already closed this month – the Concordion Building in Gwanghwamun and Alphadom Tower in Pangyo – and the SK Namsan Building will close next month. There is also plenty of interest in Gangnam Station’s Tiger 318, which was approved for completion at the end of March. Tiger 318 is a newly developed office building owned in a 50:50 split between SK D&D and the owner of the adjacent site. Initially, Toss expressed its intention to rent, but pulled out due […]