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Logistics Marketbeat Report

Jinwoo Jung • 30/01/2024

Transaction Volume Recorded KRW1.7 Trillion in 2H 2023, in First Fall Below KRW2 Trillion Since 1H 2020

Transaction volume for logistics centers in the Greater Seoul Area recorded approximately KRW1.7 trillion in the second half of 2023. The half-year transaction volume fell below the KRW2 trillion mark for the first time since 1H 2020. The total floor area of new logistics centers reached 2.6 million sqm with new logistics centers completed in residential and commercial districts with limited existing supply. Further new supply set to slow from 2024 along with new logistics center supply delays.

 

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