Korea Property Digest Q1 2020

All three submarkets observe positive rental growth coupled with contraction in vacancy over the quarter

May 06, 2020

In the first quarter of 2020, the overall vacancy rate was about 6.8%, with vacancy rates falling in all three districts, continuing to show the strongest performance since the third quarter of 2010. The impact of COVID-19 was not distinctive in the office leasing market this quarter, as most lease contracts were signed before the global spread of COVID-19.

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