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Office MarketBeat Report

Suki Kim • 26/10/2026
The average Grade A office vacancy rate in Seoul dropped by 0.8 pp q-o-q to 5.0% in Q3 2026. The vacancy rate turned to a decline as the large new supply delivered to the CBD in Q2 was gradually absorbed. However, it is still 0.8 pp higher compared to the same period last year (4.2%). Overall rents increased by 0.5% q-o-q and 4.3% y-o-y.

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2026 Q1 Seoul Office Marketbeat_eng-report.jpg

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