Korea Office Research

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Seoul office briefing

Seoul Office Briefing Q2 2017
18 August 2017

As the South Korean economy enjoyed continuing stability, Q2 for commercial leasing demand increased and investment activity continued to thrive.

 

Research search results: 36 found

 
Seoul Office Briefing Q1 2012

Seoul Office Briefing Q1 2012

04 May 2012

Q1 net absorption totalled 38,260 sq m; the ninth consecutive quarter of positive absorption. Tenant m ovement was dominated by prime-toprime relocations leading to a small decrease in the prime office vacancy rate to 7.3%. Q1 sales volume slowed to KRW660 billion.

 
 
 
Seoul Office Briefing Q4 2011

Seoul Office Briefing Q4 2011

06 February 2012

The fourth quarter net absorption of 260,000 sq m represented 43% of total 2011 net absorption of 608,000 sq m. This exceeded annual supply of 482,000sq m and drove the vacancy rate down to 7.5%from 9.8% in Q4/2010. The 2011 investment volume topped-out at KRW3.8 trillion, 60% higher than in 2010.

 
 
 
Seoul Office Briefing Q3 2011

Seoul Office Briefing Q3 2011

04 November 2011

CBD net absorption was at the highest level in nearly ten years.However, office demand could not match record new supply, withthe vacancy rate climbing to 11.6% due to the completion of fourbuildings. Investment transactions were dominated by core officeproperties and the 2011 transaction volume has already exceededthe 2010 level.

 
 
 
Seoul Office Briefing Q2 2011

Seoul Office Briefing Q2 2011

28 July 2011

Tenant movement from secondary to prime stock helped to absorb space in recently completed CBD buildings and push the Seoul office vacancy rate down to 7.3% in Q2/2011. As more properties were launched onto the market, transaction volumes increased. H1/2011 sales figures already represent 74% of 2010 activity.

 
 
 
Seoul Office Briefing Q1 2011

Seoul Office Briefing Q1 2011

27 April 2011

The office vacancy rate dropped to 7.8% in Q1 due to increased demand from large corporations. Office indices remained consistant, with face rents showing a slight rise and effective rents unchanged, as a result of rent-free periods

 
 
 
Seoul Office Briefing Q4 2010

Seoul Office Briefing Q4 2010

17 February 2011

In Q4, net absorption in the Seoul prime office market remained positive, but new building supply outpaced net absorption which pushed the Q4 vacancy rate to 9.8 per cent. Prices of prime office building

 
 
 
Seoul Office Briefing Q3 2010

Seoul Office Briefing Q3 2010

25 October 2010

The overall recovery in office demand translated into positive net absorption for three consecutive quarters. Office building transaction volumes also rose from Q2 and international investors actively participated in transactions.

 
 
 
Seoul Office Briefing Q2 2010

Seoul Office Briefing Q2 2010

21 July 2010

Net absorption was positive for the second consecutive quarter in Q2/2010, but overall Seoul prime office vacancy rose to 7.2 per cent due to the completion of two new buildings. Transaction activity has picked up slightly, but remains sharply lower than the levels seen during the previous 3 years.

 
 
 
Seoul Office Briefing Q1 2010

Seoul Office Briefing Q1 2010

20 April 2010

Demand for  office space is improving, with vacancy dropping in Q1/2010 from its previous 8 year high while rents are rising slightly. On the other hand, the investment market  has been relatively quiet to date compared with 2009, with investment deals taking a longer time to conclude due to the gap between vendor and buyer price expectations.

 
 
 
Seoul Office Briefing Q4 2009

Seoul Office Briefing Q4 2009

11 February 2010

Seoul’s prime office vacancy rate almost doubled in Q4/2009 to reach 7.9 per cent due to the new supply. However, large prime office space requirements with emerging signs of a wider recovery in leasing demand suggest that the vacancy rate is likely to ease somewhat over 2010.

 
 
 

Key contacts

JoAnn Jieun Hong

JoAnn Jieun Hong

Director
Research & Consultancy

Savills Korea

+82 2 2124 4182

 

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