The office transaction market, which has been under pressure due to rising inflation and prolonged high interest rates, is gradually recovering. A total of 10 office deals were completed, with transaction volume of approximately KRW3.9 trillion in Q3 2024. The highest-priced deal this quarter was for The Asset in GBD, which closed at KRW45 million per 3.3 sqm, driven by strong investor preference. Stable cap rates, expectations of interest rate cuts, and rising rents have driven large-scale office deals currently underway. These deals are expected to play a pivotal role in the office transaction market in Q4 2024 and 1H 2025.
Seoul Investment Market Report
Suki Kim • 24/10/2024
CURRENT MARKETBEATS
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.
Hena Park • 08/11/2024
MarketBeat • Investment / Capital Markets
Cushman & Wakefield's Q3 2024 Seoul Investment MarketBeat report is now available to download. Please click on the link to read our latest report.
Suki Kim • 24/10/2024
MarketBeat
Cushman & Wakefield's Q3 2024 Seoul Office MarketBeat report is now available to download. Please click on the link to read our latest report.
Hena Park • 22/10/2024
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.
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