Research

Seoul Industrial Market Dynamics Q4 2024

Summary and analysis of Seoul's current industrial real estate market conditions.

March 10, 2025
Contributors:
  • Veronica Shim
  • Newly supplied centres in 2024 account for the bulk of demand.

  • Supply pressure pushes vacancy rates to a record high after the previous quarter's dip.

  • Logistics yield compresses 10 bps to 5.4% after four quiet quarters.

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