CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1} Share on Naver

2024 Seoul High Street Retail Report

Suki Kim • 17/10/2024
Seoul high street retail market showed a gradual recovery in 2024 compared to 2023. Notably, Myeong-dong saw a significant improvement in its vacancy rate with the increase in foreign tourists, while Garosugil experienced a slight rise in vacancies. Myeong-dong stands out as the most visited commercial district by foreign tourists, with a particular interest in K-beauty, leading to the opening of many cosmetic stores. All six major districts recovered to pre-pandemic sales levels in the first half of 2024, with medical businesses showing remarkable sales growth across all districts.

Learn more in the 2024 Seoul High Street Retail that highlights:

• Overview of the Korean retail market
• Key takeaways for 2024
• A deep dive into the Seoul high streets and tenant trends

GET THE REPORT

2024 Seoul High Street Retail_front image.png

DOWNLOAD

CONTACTS

Recent Insights

Asia REIT Market_card image.jpg
Insights • Investment / Capital Markets

Instant Insight #2 Asia REIT Market

Since 2019, Korea’s REITs have experienced rapid growth, primarily led by large corporate-sponsored vehicles.
Suki Kim • 04/09/2025
2025 Korea Logistics Market Report_Part 1_card.jpg
Research • Supply Chain

Korea Logistics Market Report

2025 Korea Logistics Market Report Part 2 provides an overview of key trends across supply, investment, and leasing activities by submarket, offering insights into the broader dynamics of Korea’s logistics real estate sector.
Suki Kim • 28/07/2025
Fit Out Cost Guide 2025_Web Card.jpg
Insights • Investment / Capital Markets

Instant Insight #1 Office Fit Out Cost Guide

In Korea, higher construction costs have pushed up rents for new buildings. 
Suki Kim • 09/06/2025

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
CONTACT US
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing