[Office][ 2024 Q2 ] OFFICE MARKET REAL REPORT
19 Aug 2024
[Office][ 2024 Q2 ] OFFICE MARKET REAL REPORT
RSQUARE Inc.
CEO : LEE JOHN WOO Business registration No : 110-81-88092 Office : 311, Teheran-ro, Gangnam-gu, Seoul Tel : 1551-5678
© RSQUARE, RSQUARE Inc. All rights Reserved.
In '24.2Q, the new office supply in Seoul and Bundang areas amounted to 34K py, which is 25% of the previous quarter's total of 138K py. Among the 11 newly completed assets this quarter, 8 were small to medium-sized, with areas under 5,000 py. Approximately 50% of the total supply was in the other zones, primarily in Gangdong's "Godeok" and Gangseo's "Magok," mainly in the form of company headquarters, which limited the impact of new assets on the vacancy rates in major office zones.
INDEX
Part1. Lease Market
Part2. Investment Trend