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
Authors
CURRENT MARKETBEATS
Research
Global Cities Retail Guide Europe
Embark on a journey through Europe’s diverse and dynamic retail markets.
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Research • Investment / Capital Markets
Explore the dynamics of the European luxury retail real estate market.
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MarketBeat
Access the latest quarterly commercial real estate results for Central Eastern Europe's (CEE) retail sector. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
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Explore the dynamics of the European luxury retail real estate market.
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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.
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Research
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In the final part of this three-part series, we set the foundation for what we believe will be a robust investment cycle for retail.
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Research
Retail Resilience: Consumers at the Helm
This is part one of a three-part series that explores the remarkable resilience of the retail sector and sheds light on its continued growth in an ever-evolving landscape.
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