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.
Authors
CURRENT MARKETBEATS
MarketBeat
Singapore retail sales rose 0.6% as of April 2025 YTD, after a 2.1% yoy decline last year, driven by the Computer & Telecommunications Equipment, Recreational Goods, and Cosmetics and Toiletries & Medical Goods.
Xian Yang Wong • 08/07/2025
Insights
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
Insights
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
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
Insights
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
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
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.
Suki Kim • 14/02/2025