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2022 Seoul High Street Retail Report

Jinwoo Jung • 30/09/2022

With the global retail market experienced an unprecedented crisis due to COVID-19, Seoul has shown signs of recovery from a prolonged recession. The vacancy rate, which had risen sharply due to the pandemic, began to decline with the re-opening in 2022. Myeong-dong and Garosu-gil, reliant on tourists, were hit by the border restrictions. On the other hand, Cheongdam, a luxury commercial district and Hongdae, a young generation-driven district, showed strong retail activity.

This 2022 Seoul High Street Retail report highlights:

  • Four retail trends that the pandemic has changed
  • Seoul retail market before and after COVID-19
  • A deep dive into the Seoul high streets and tenant trends


Shopping Retail

Retail MarketBeat Report

Cushman & Wakefield's Q2 2023 Seoul Retail MarketBeat report is now available to download. Please click on the link to read our latest report.
Jinwoo Jung • 31/07/2023
2020 Seoul High Street Retail

2020 Seoul High Street Retail

In this report, we analyze the performance of six major high streets in Seoul in 2020 amidst the impact of COVID-19 and look at post-pandemic strategies that retailers can implement in their path towards recovery.
Social Trends and Retail Market

Social Trends and Retail Market

This report is only available in Korean.
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