When the commercial real estate market was hit hard by high interest rates and a global recession in the office market due to more widespread work-from-home culture caused by the COVID-19 pandemic, Seoul is one of the only markets where the fundamentals remain strong and office buildings continued to be traded. Although many transactions were delayed in the second half of last year due these high interest rates, transactions resumed in April of this year, starting with Concordian Building and Pangyo Alphadom Tower, followed by Scale Tower, Tower 8, Majestar City Tower One, Samsung SDS Tower, among others. However, interest rates are still not stable, and as market […]