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Office MarketBeat Report

Hena Park • 22/07/2024
Overall Grade A office market vacancy in Q2 rose 0.5 pp q-o-q to record 2.9%. In the face of rent hikes and economic uncertainties, more firms are evidently considering downsizing or relocations. Major submarkets have remained landlord-favorable, although the Magok district is a complete tenant-favorable market, with new prime office supply expected in 2H. With more tenants likely to relocate to Magok for larger spaces, we expect to see a shift in the overall office market.

CURRENT MARKETBEATS

Office Buildings CBD
MarketBeat

Office MarketBeat Report

Cushman & Wakefield's Q2 2024 Seoul Office MarketBeat report is now available to download. Please click on the link to read our latest report.
Hena Park • 22/07/2024
Shopping Retail
MarketBeat

Retail MarketBeat Report

Cushman & Wakefield's Q1 2024 Seoul Retail MarketBeat report is now available to download. Please click on the link to read our latest report.
Jinwoo Jung • 07/05/2024
Warehouse Internal Rack
MarketBeat • Investment / Capital Markets

Investment MarketBeat Report

Cushman & Wakefield's Q1 2024 Seoul Investment MarketBeat report is now available to download. Please click on the link to read our latest report.
Jinwoo Jung • 22/04/2024
Warehouse Internal Rack
MarketBeat • Supply Chain

Logistics Marketbeat Report

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Jinwoo Jung • 30/01/2024
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