[Herald Interview] ‘Investors will turn to logistics property for higher profits in 2017’
25 December 2016
The office market in Seoul saw a boom this year with foreign investment behemoths buying up two landmark office buildings in Seoul -- the International Financial Center in Yeouido and Capital Tower in Gangnam.
But in 2017, expected interest rate hikes and more fierce competition will drive foreign investors to look for riskier, but possibly more profitable, real estate assets such as logistics centers rather than offices, the head of Savills Korea said.
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Seoul Office Briefing Q4 2016
08 February 2017
Even though there has been continued demand for office upgrading, the vacancy rate has remained unchanged due to large companies completing their own office buildings or relocations. In 2017, office relocations by large companies are expected to have a significant influence on the leasing market.
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