Seoul's high street vacancy rate stood at 16.6% in Q4 2024, a 2.1 pp decline compared to the same period last year. The tourism sector showed a strong recovery, with inbound visitor numbers increasing by 48% y-o-y, nearing pre-pandemic levels. However, the Korean retail market is expected to face several challenges in 2025 due to the anticipated economic downturn. As domestic demand weakens, many brands struggling in the domestic market are likely to seek global expansion as a strategic solution.
Retail MarketBeat Report
Suki Kim • 17/02/2025
CURRENT MARKETBEATS

Insights
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Research
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MarketBeat
Access the latest quarter commercial real estate results for the retail sector nationally. MarketBeat reports analyze quarterly market activity including supply, demand and pricing trends.
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MarketBeat
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Research
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MarketBeat
Cushman & Wakefield's Q3 2024 Seoul Retail MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 17/02/2025

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.
Suki Kim • 14/02/2025

MarketBeat
Cushman & Wakefield's Q4 2024 Seoul Office MarketBeat report is now available to download. Please click on the link to read our latest report.
Hena Park • 23/01/2025

MarketBeat • Investment / Capital Markets
Cushman & Wakefield's Q4 2024 Seoul Investment MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 22/01/2025

MarketBeat
Retail MarketBeat report analyses quarterly Poland commercial property activity across retail sector including supply, demand and pricing trends at the market and submarket levels.
Ewa Derlatka-Chilewicz • 22/01/2025