Research

Seoul Office Market Dynamics Q1 2025

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

June 05, 2025
Contributors:
  • Veronica Shim
  • Seoul's office market shows positive net take-up after two negative quarters.

  • Seoul's overall vacancy rate drops as leasing in Yeouido concludes.

  • Office deals surpass KRW 4.0 trillion for the third straight quarter amid lower rates.

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