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2024 Seoul High Street Retail Report

Jin So • 17/10/2024

Seoul high street retail market showed a gradual recovery in 2024 compared to 2023. Notably, Myeong-dong saw a significant improvement in its vacancy rate with the increase in foreign tourists, while Garosugil experienced a slight rise in vacancies. Myeong-dong stands out as the most visited commercial district by foreign tourists, with a particular interest in K-beauty, leading to the opening of many cosmetic stores. All six major districts recovered to pre-pandemic sales levels in the first half of 2024, with medical businesses showing remarkable sales growth across all districts.

Learn more in the 2024 Seoul High Street Retail that highlights:

  • Overview of the Korean retail market
  • Key takeaways for 2024
  • A deep dive into the Seoul high streets and tenant trends

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Retail MarketBeat Report

Cushman & Wakefield's Q3 2024 Seoul Retail MarketBeat report is now available to download. Please click on the link to read our latest report.
Hena Park • 08/11/2024
Aditya Birla Fashion and Retail Limited Chennai
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Aditya Birla Fashion and Retail Limited Chennai

Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021

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