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Retail MarketBeat Report

Suki Kim • 25/02/2026
The overall Seoul high street vacancy rate recorded 13.8% in Q4 2025, down 0.5 pp q-o-q and 0.9 pp y-o-y. Even with a relatively slow recovery in domestic consumption, spending by foreign tourists is acting as a buffer to stabilize vacancy rates in major districts. The retail market is expected to continue qualitative growth focused on flagship stores, while the polarization between successful and struggling districts will likely persist.

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