In 2H 2024, data center development in the Greater Seoul Area (GSA) accelerated compared to the first half, with new projects shifting from Southwestern Seoul to the Incheon/Bucheon cluster. Additionally, global investor participation expanded, leading to key transactions and investments, including Macquarie Infrastructure's completion of the Hanam IDC acquisition. Furthermore, the mandatory Zero Energy Building (ZEB) certification and enhanced Personal Information Protection Act (PIPA) regulations are expected to drive structural changes in the data center industry.
Seoul Data Center Market Report
Chloe Kwon • 04/03/2025
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Insights • Workplace
Seoul's Office Market Remained Sought After with Low Vacancy Rates
Korea office market has not been largely affected by Covid-19 nor WFH. Although there has been a slowdown in rent increase and net absorption, the vacancy rate in major business district is still under 5% and the cap rate still at mid-4% for Grade A offices.
Sorim Jie • 13/05/2025
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Logistics Tenant Profile – The Origin region of E-Commerce Logistics, Gimpo
Gimpo became a major last-mile delivery hub with the Gochon Logistics Complex near Seoul.
Carter Kim • 03/04/2025
Insights • Workplace
An office fit out refers to the process of designing and constructing an office space to meet the specific needs of the occupier. This can include everything from furniture and equipment to mechanical and electrical systems.
Dominic Brown • 05/03/2025
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