Industrial

But rents could rise by up to 6%.

Wellness amenities will be seen in more industrial spaces in hopes of attracting talent.

This is a result of improving occupancy levels.

Rents are expected to increase by 2-3% in 2022.

Total leasing volume grew 13.9% to 3,423.

Sales volume reached 1,387 in the first three quarters of 2021.

Supply will hit record highs of over 5m sqm this year, with more supply slated until 2023.

Damaged land could help address the lack of developable land in Seoul’s Capital Area.

The amount of warehouse space leased in the city so far in 2021 reached 243,400sqm. 

These sectors combined account for 81% of overall take-up recently. 

The country’s current data centre capacity ranges from 120MW to 150MW.

This is despite an upcoming substantial increase in industrial space.

Around 450,000 sqm of logistics space was absorbed in Q3 2021 alone.

The rental index also saw the sharpest quarterly growth in 8 years.

There were at least 3 transactions of 13 hectares for data centre companies in Q3.

This segment accounted for over half of all private equity investments in Q2.