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Retail MarketBeat Report

Suki Kim • 02/06/2025
The citywide high street vacancy rate in Seoul recorded a slight q-o-q increase to 15.1% in Q1 2025. Despite sluggish domestic consumption, key districts continued to attract new entrants, with Cheongdam and Dosan Park seeing active leasing activity led by premium brands. In Seongsu, the vacancy rate remained stable as the area transitions from a pop-up–dominated landscape to more permanent retail formats. Beauty brands targeting young female consumers are expanding their presence in particular.

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Authors

CURRENT MARKETBEATS

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Our Neighborhoods Entering a New Era: Medical Focus

Korea’s medical aesthetics market is growing by over 30% annually, fueled by diverse demand from the MZ generation, middle-aged consumers, grooming-conscious men, and foreign tourists.
Jeff Kwon • 03/07/2025
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Our Neighborhoods Entering a New Era: Dosan Park Edition

One of the high streets, Dosan Park has become a hotspot for sophisticated consumption despite its small size.
Kelly Nam • 01/07/2025
Shopping Retail
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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
K-Retail Outbound_image.png
Insights

K-retail Outbound

Korean retail brands are rapidly expanding their presence in global markets. While overseas expansion was once led primarily by large conglomerates, the landscape is now diversifying with the growing prominence of designer labels, athleisure brands, and indie beauty companies.
26/05/2025
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Insights

Our Neighborhoods Entering a New Era: Seongsu Edition

Seongsu-dong is one of the fastest-growing and most vibrant commercial districts in Korea.
Kelly Nam • 23/05/2025
Office Buildings CBD
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Suki Kim • 13/05/2025
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Investment MarketBeat Report

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
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