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 2017
15 November 2017

Although the capital market displayed volatility due to geopolitical issues, investment activity in the Seoul prime office continued to thrive.

 

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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.

 
 
 
Seoul Office Briefing Q2 2008

Seoul Office Briefing Q2 2008

18 July 2008

Prime office vacancy in Seoul fell to record levels in June 2008, driving annual rental growth to a 7 year high. Despite weakening economic conditions, a continuing shortage of new supply will ensure current strength continues into 2009.

 
 
 

Key contacts

JoAnn Jieun Hong

JoAnn Jieun Hong

Director
Research & Consultancy

Savills Korea

+82 2 2124 4182

 

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