Office MarketBeat Report
Suki Kim • 13/05/2025
In Q1 2025, the average vacancy rate for Grade A office buildings in Seoul rose by 0.5 pp q-o-q to 4.0%. Amid ongoing economic headwinds, leasing activity remained subdued, while tenant relocations out of major submarkets continued to drive vacancy upward. Overall rents increased by 2.4% q-o-q, largely due to seasonal upward adjustments typically observed at the beginning of the year. Looking ahead, new supply is scheduled for Q2, including OPUS 459 in the GBD and One Sentinel in the YBD.
CURRENT MARKETBEATS

MarketBeat
Cushman & Wakefield's Q1 2025 Seoul Retail MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 02/06/2025

MarketBeat
Cushman & Wakefield's Q1 2025 Seoul Office MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 13/05/2025

MarketBeat • Investment / Capital Markets
Cushman & Wakefield's Q1 2025 Seoul Investment MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 13/05/2025

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