Philip Jin • 22/01/2021
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: Overall Grade A office vacancy fell to 8.5% in Q4, down 0.7pp from Q3, as new completions enjoyed active leasing take-up and offset the potential impact of the new supply on the vacancy rate.

Retail: Vacancy Rises across six major shopping streets. In Gangnam, Itaewon and Hongdae districts, the F&B industry was most impacted by Covid-19. Cheongdam districts was dropped in vacancy although overall vacancy at major retail shopping districts rose.

Investment: Office building transaction totaled KRW 13.4 trillion in 2020. Especially, the Core office assets is dominated in 2020 due to Covid-19. And GBD transaction volume sets new high as assets values have risen significantly.

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


Office Buildings CBD
Seoul Office Report


Click here to download the report

Shopping Retail
Seoul Retail Report


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Warehouse Internal Rack
Seoul Investment Report


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