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.

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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 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.

 
 
 
Seoul Office Briefing Q3 2009

Seoul Office Briefing Q3 2009

14 October 2009

Average prime office face rents declined for the firsttime in 5 years in Q3/2009 as landlords brace for adoubling in Seoul's vacancy rate by the end of the yeardue to new supply.

 
 
 
Seoul Office Briefing Q2 2009

Seoul Office Briefing Q2 2009

13 July 2009

A third consecutive quarter of sharply rising vacancy saw an across-the-board halt to rental increases in Q2/2009. Moreover, tenants are increasingly securing concessions, such as rent free periods, which were virtually unheard of less than 12 months ago.

 
 
 
Seoul Office Briefing Q1 2009

Seoul Office Briefing Q1 2009

08 April 2009

Fallout from the economic crisis saw the sharpestquarterly contraction in office leasing demand inQ1/2009 since the Asian Financial Crisis. Nevertheless,with vacancy still at historically low levels, rents havecontinued to rise.

 
 
 
Seoul Office Briefing Q4 2008

Seoul Office Briefing Q4 2008

06 February 2009

The impact of the economic crisis on Seoul’s office market has been dramatic, with prices falling an estimated 30 per cent since September 2008. However, despite an easing in leasing demand, low vacancy rates saw rents continue to rise in Q4/2008 - a unique outcome in the Asian region.

 
 
 
Seoul Office Briefing Q3 2008

Seoul Office Briefing Q3 2008

22 October 2008

Seoul’s strongly performing offi ce market was one of the few bright spots on an increasingly gloomy economic landscape during the third quarter of 2008. Vacancy rates fell to record lows - the lowest in the Asian region - while annual rental growth accelerated to a 7 year high.

 
 
 

Key contacts

JoAnn Jieun Hong

JoAnn Jieun Hong

Director
Research & Consultancy

Savills Korea

+82 2 2124 4182

 

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