South Korea

Seoul’s hotel supply pipeline concentrated in provincial markets

Around 3,000 new hotel keys are expected to be added this year.

Seoul’s hotel supply pipeline concentrated in provincial markets

Around 3,000 new hotel keys are expected to be added this year.

Seoul industrial vacancy rate hits 5-year high of 12.6% in Q1

This is the highest vacancy rate since 2018.

Seoul’s Grade A office vacancy now at an all-time low of 1.1%

The vacancy rate has been steadily decreasing since 2021.

Why Seoul’s office transaction volumes crashed in Q1

The city’s KRW989.5b transaction in Q1 is a mere 26% of the volumes recorded the previous year.

Seoul prime office rents record highest increase since 2008

Face rents grew 8.1% in the first quarter of 2023.

Here’s what to expect from Seoul’s office property sector this year

Find out which projects are slated for completion.

Net absorption in Seoul CBD’s office sector falls for the first time since 2021

It stood at -2,700sqm in Q1 2023.

Seoul office net absorption still on a positive streak for 11 consecutive quarters

The city’s Q4 net absorption was at 14,800 pyeong.

Seoul’s Q4 industrial vacancy rate at its highest since 2020

The vacancy rate was at 8.2%.

Myeongdong retail vacancy rate surges to 42.1% as Zara exits

Vacancy rates in Seoul increased during Q3.

Why there is limited hotel supply growth in Seoul

Most of the new supply is slated to enter destinations such as Busan and Jeju.

Seoul office vacancy rate hits 13-year low of 2.5% in Q3

This is the lowest recorded vacancy rate since Q2 2009.

Why Seoul’s office market has been resilient despite uncertainties

Annual rental growth was at a record 21.4% in Q3 amidst a global economic slowdown.

Seoul industrial net absorption continues its long-term positive streak in Q3

Net absorption was at 144,900 pyung, the 17th consecutive quarter of positive figures.

This Seoul district just saw its highest office rental growth since 2008

Rents grew 8.7% in Q3 in this area.

Seoul prime office vacancy rate falls to 3.3% in Q3

All major districts in the city saw declines in vacancy rates.

South Korea hotel transaction volumes to hit US$1.4b in 2023

Next year is expected to be a subdued one for hotel investments in the country.