Seoul MarketBeat | South Korea | Cushman & Wakefield

Philip Jin • 23/04/2020

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: The average face rent of A grade Office Building in 2020 Q1 was 97,114 won / pyeong. By region, the face rent of Pangyo district rose 2.6% YoY, recording the highest increase rate, followed by GBD (1.39%), YBD (0.74%) and CBD (0.42%).

Retail: The COVID-19 outbreak has seriously impacted the retail market and has reshaped consumption patterns.

Investment: Medium-size building transactions included Bundang Square (47,691sq m/190 billion won) and MDM Dangsan Tower (27,991sq m/ 130.3 billion won).

Learn more by clicking our most recent Seoul MarketBeat reports below.

CURRENT MARKETBEATS

Seoul Office Report

It is seen that the market that leans favorably towards the landlords show a higher increase rate.

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Seoul Retail Report

Online shopping especially has grown rapidly, reflecting consumers’ new preferences in response to the outbreak.

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Seoul Investment Report

Transaction volume growth in the submarkets, including BBD, was highly apparent in Q1. The area accounted a transaction volume of approximately 1 trillion won, with eight deals.

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