Magok Market Insight
Jinwoo Jung • 12/04/2024
As urban centers become more intensively developed, they face increasing challenges such as overcrowding, congestion, a lack of business facilities, and rising rents. In Europe since the 1950s, these urban challenges have prompted public-private partnerships to develop new business districts to accommodate city center functions. La Defense in Paris and Canary Wharf in London are prime examples. These overseas districts, which have evolved from secondary downtowns into major business districts offer valuable insights for Magok's future as it embarks on a new beginning.
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