Korea Office Research

Savills Research & Consultancy aims to offer objective advice to clients in order to help them make well-informed real estate related decisions and realise pre-defined goals.

Featured report

Seoul office briefing

Seoul Office Briefing Q3 2018
20 November 2018

Total investment volume up to Q3/2018 has eclipsed the alltime record for the same period last year by 130%.

 

Research search results: 41 found

 
Seoul Office Briefing Q1 2016

Seoul Office Briefing Q1 2016

11 May 2016

We do not see a demand recovery in the traditional large office occupier sectors, particularly the financial and manufacturing industries. However, the professional services industries, such as legal and corporate services and information technology, led the leasing demand in the quarter, reflecting this change in the drivers of demand.

 
 
 
Seoul Office Briefing Q4 2015

Seoul Office Briefing Q4 2015

11 February 2016

In 2015, the rental growth rate stagnated as leasing demand only inched up while the investment market volume shrank by more than 20% compared with 2014.

 
 
 
Seoul Office Briefing Q3 2015

Seoul Office Briefing Q3 2015

27 November 2015

Total employment increased slightly and demand for office space rebounded despite recent international financial market uncertainty.

 
 
 
Seoul Office Briefing Q2 2015

Seoul Office Briefing Q2 2015

27 July 2015

To boost the economy, the Bank of Korea lowered the benchmark interest rate to an historical low of 1.5% in June. In 2H/2015, more office buildings are expected to be brought to the market.

 
 
 
Seoul Office Briefing Q1 2015

Seoul Office Briefing Q1 2015

24 April 2015

Investment market transaction volumes were 25% of the level posted in Q1/2014, in the wake of increased vacancy and a decreased number of bluechip properties on the market, as well as the revocation of tax reductions on indirect investment.

 
 
 
Seoul Office Briefing Q4 2014

Seoul Office Briefing Q4 2014

10 February 2015

Despite the high vacancy rates in Yeouido and the CBD, the Seoul office market has attracted sustained interest from both domestic and  nternational investors. This is due to low interest rates and availability of properties which are forecast to benefit from future decreases in vacancy.

 
 
 
Seoul Office Briefing Q3 2013

Seoul Office Briefing Q3 2013

13 November 2014

Demand for leasing as well as the net absorption by district is different by type of business. The abundance of liquidity in the market is being driven by the lowering of interest rates by 25bp in October, following Bank of Korea's benchmark rate cut in August.

 
 
 
Seoul Office Briefing Q2 2014

Seoul Office Briefing Q2 2014

04 August 2014

Companies relocating their headquarters outside the city led to a decline in prime office demand in Seoul. With the provision of Three IFC, the vacancy rate rose by 2.6%p from the previous quarter.

 
 
 
Seoul Office Briefing Q1 2014

Seoul Office Briefing Q1 2014

25 April 2014

Amid growth in office demand from various industries, such as the construction, manufacturing and service sectors, average prime office vacancy rates declined by 1.5 percentage points. Neverthless, total transaction volumes fell from the same growth of 2013 with cap rates maintained in the low 5% range.

 
 
 
Seoul Office Briefing Q4 2013

Seoul Office Briefing Q4 2013

05 March 2014

This year witnessed the largest volume of new office supply in five years, with the exception of 2011. Total transactions amounted to KRW5.06 trillion in 2013 and the cap rate is estimated to be in the low 5% range.

 
 
 

Key contacts

JoAnn Jieun Hong

JoAnn Jieun Hong

Director
Research & Consultancy

Savills Korea

+82 2 2124 4182

 

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