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](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/card-images/marketbeats/apac_marketbeat_office_card.png?rev=47df0e8642344dfbba5c87b23e3f09ca)
MarketBeat
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](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/card-images/marketbeats/apac_marketbeat_retail_card.png?rev=465f7816ced7413fbd25c90c84f1bd6b)
MarketBeat
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](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/card-images/marketbeats/apac_marketbeat_investment_card.png?rev=305127153d6e486caf59ad69e4c99478)
MarketBeat • Investment / Capital Markets
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](https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/card-images/marketbeats/apac_marketbeat_logistics_card.png?rev=a6a5b4e244b04c7ca56859561fa4e443)
MarketBeat • Supply Chain
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