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Office MarketBeat Report

Suki Kim • 31/10/2025
The average Grade A office vacancy rate in Seoul rose 0.2 pp q-o-q to 4.3% in Q3 2025. While the CBD submarket saw a rise, both GBD and YBD districts recorded declines. The overall vacancy rate continued its mild upward trend for the sixth straight quarter. Rents increased 1.2% q-o-q, with the pace of growth moderating but still elevated relative to the historical average. The concentration of major new developments in the CBD is expected to weigh on the market.

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