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2026 Seoul Office Tenant Profile Report

08/09/2026

In 2026, the growth of the financial sector and the contraction in occupied space by the IT and construction & development sectors were particularly notable.

The financial sector showed structural growth, driven not only by expansions among existing tenants but also by an increase in tenant count. In contrast, the IT sector recorded a slight decline in both occupied space and tenant count, mainly due to startup move-outs and the relocation of several large corporations to other submarkets. The construction & development sector also contracted, largely reflecting DL E&C’s relocation out of the CBD. 


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Suki Kim

Head of Research, Korea
Seoul, Korea, Republic of


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Jin So
Jin So

Senior Research Analyst
Seoul, Korea, Republic of


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