In accordance with the government’s policy to decentralise data centres, the Greater Seoul Area claimed a 77% share of Korea’s national data centre market in the 2H 2023 period, down from 85% recorded in our 1H update as the share of areas outside of Greater Seoul, such as Gangwon, Pohang and Sejong, has grown. Despite the efforts, data centre power supply demand is set to be concentrated in the GSA, and profiteering activities via the pre-emption of electricity have occurred with the increasing value of sites with secure electricity supply capacity. In the second half of 2023, seven data centre projects obtained new building permits, three completed the commencement notice, and three completed construction.
Seoul Data Center Market Report
Chloe Kwon • 27/09/2024
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Research • Investment / Capital Markets
Logistics Tenant Profile – New Logistics Hub in Crisis, Anseong
Anseong is a transportation hub with four expressways running through it, and logistics areas have been developed around the areas adjacent to the ICs. The supply has doubled in the past three years, and the increase in supply has been evenly distributed among the existing logistics supply areas.
Carter Kim • 05/02/2025
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Jin So • 22/08/2024
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2022 South Korea Market CRE Outlook Report
This report provides an outlook on the office and investment markets in Korea.
24/12/2021
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