High interest rates and increasing work-from-home culture has led to a global office market crisis, but in Korea, the Seoul office market has remained solid as ever. Situations like in the case of the sale of the Concordion Building in Gwanghwamun led to price adjustments and difficulty recruiting investors, but the fundamentals of the market are far stronger than other global cities, and as it is difficult to invest in anything other than offices right now, the market is quickly rallying even after the price adjustments. A strong price rebound was supported by the growing demand from strategic investors (SI) looking for office buildings. The Concordian Building was […]