The Seoul office market has long been centered around the three major districts: Gangnam, Central, and Yeouido. Office transactions in the commercial real estate market were traditionally concentrated in these three areas. This formula began to break down in the mid-2010s. This is when the Pangyo market began to form. Many tech companies have their base in Pangyo, and it has grown into a size comparable to the three major Seoul office districts, with the added advantage of being close to Gangnam. Nowadays, you can’t discuss the Seoul office market without mentioning Pangyo. The Seongsu office market also began to flourish in 2020 with startups and tech companies […]