Philip Jin • 20/04/2021
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: Gangnam Kyobo Tower, which saw vacancy rise following the relocation of Doosan Heavy Industries & Construction, has partially offset the rise by signing new lease contracts with tenants such as Daangn Market and Bulgari.

Retail: The Hyundai Seoul, the new largest department store in Seoul, has opened in Yeouido. The new store takes the crown for the city’s largest department store from Shinsegae Gangnam and incorporates aspects of naturalism in the city through the concept of retail therapy.

Investment: Despite the decrease in the volume of transactions in the first quarter, the office transaction market, which has been active since 2018, is continuing. Especially, in this quarter there were many transactions of large-sized office buildings that are owned separately.

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


Office Buildings CBD
Seoul Office Report


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Shopping Retail
Seoul Retail Report


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Warehouse Internal Rack
Seoul Investment Report


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