▶ RSQUARE analyzes MOLIT data: "Conservative transaction patterns centered on mid-sized assets instead of mega-deals over 100 billion KRW"
▶ October transaction value at 732.5 billion KRW across 294 cases… Adjusted by -35.6% in value and -12.8% in volume MoM
▶ "The market has already passed its transaction low; manufacturing and logistics sectors along with interest rates will determine the speed of recovery toward year-end"
According to an analysis of actual transaction data from the Ministry of Land, Infrastructure and Transport (MOLIT) by RSQUARE ANALYTICS (RA), the research arm of comprehensive commercial real estate service firm RSQUARE (CEO: Lee Yong-gyun), the national industrial and warehouse transactions in October 2025 showed a recovery trend compared to the beginning of the year, despite a short-term adjustment.
The study reveals that the transaction value of industrial and warehouse facilities nationwide this past October was 732.5 billion KRW with 294 transactions. Compared to the previous month (1.1377 trillion KRW / 337 cases), the value and volume decreased by 35.6% and 12.8% respectively, showing a conservative adjustment pattern following the recovery trend maintained since June.
The composition of individual transactions also played a role. In the absence of mega-deals exceeding 100 billion KRW, a warehouse facility in Icheon, Gyeonggi-do, traded for 81.4 billion KRW, marking the largest transaction of the month as a mid-sized deal.
However, the gap compared to the yearly low remains improved. Compared to January of this year (523.8 billion KRW / 251 cases), the transaction value is 39.9% higher and the volume is up 17.1%. On average, the market's "resilience" for recovery has accumulated to some extent; while the average monthly transaction value from January to March was 715.5 billion KRW, the average for the most recent three months stands at 961.8 billion KRW, an increase of 34.4%.
In other words, from a mid-to-long-term perspective, the market is interpreted as showing a steady recovery trend, fluctuating around the 1-trillion-KRW mark since the adjustment period in early 2023 through 2024 to the present. Although cumulative transaction volume is not yet massive due to the contraction in early 2025, the medium-term trend line is drawing a gentle upward curve.
"The industrial and warehouse market experiences significant monthly fluctuations depending on the influx of large-scale deals, but the market has already passed its transaction low point compared to the beginning of the year," forecasted the RSQUARE Research Center. "If the manufacturing and logistics business climate and interest rate environment stabilize, the mid-term recovery trend will become more evident." The center added, "While demand for actual users in core locations remains steady, we expect selective transactions to continue for the time being."
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▶ RSQUARE analyzes MOLIT data: "Conservative transaction patterns centered on mid-sized assets instead of mega-deals over 100 billion KRW"
▶ October transaction value at 732.5 billion KRW across 294 cases… Adjusted by -35.6% in value and -12.8% in volume MoM
▶ "The market has already passed its transaction low; manufacturing and logistics sectors along with interest rates will determine the speed of recovery toward year-end"
According to an analysis of actual transaction data from the Ministry of Land, Infrastructure and Transport (MOLIT) by RSQUARE ANALYTICS (RA), the research arm of comprehensive commercial real estate service firm RSQUARE (CEO: Lee Yong-gyun), the national industrial and warehouse transactions in October 2025 showed a recovery trend compared to the beginning of the year, despite a short-term adjustment.
The study reveals that the transaction value of industrial and warehouse facilities nationwide this past October was 732.5 billion KRW with 294 transactions. Compared to the previous month (1.1377 trillion KRW / 337 cases), the value and volume decreased by 35.6% and 12.8% respectively, showing a conservative adjustment pattern following the recovery trend maintained since June.
The composition of individual transactions also played a role. In the absence of mega-deals exceeding 100 billion KRW, a warehouse facility in Icheon, Gyeonggi-do, traded for 81.4 billion KRW, marking the largest transaction of the month as a mid-sized deal.
However, the gap compared to the yearly low remains improved. Compared to January of this year (523.8 billion KRW / 251 cases), the transaction value is 39.9% higher and the volume is up 17.1%. On average, the market's "resilience" for recovery has accumulated to some extent; while the average monthly transaction value from January to March was 715.5 billion KRW, the average for the most recent three months stands at 961.8 billion KRW, an increase of 34.4%.
In other words, from a mid-to-long-term perspective, the market is interpreted as showing a steady recovery trend, fluctuating around the 1-trillion-KRW mark since the adjustment period in early 2023 through 2024 to the present. Although cumulative transaction volume is not yet massive due to the contraction in early 2025, the medium-term trend line is drawing a gentle upward curve.
"The industrial and warehouse market experiences significant monthly fluctuations depending on the influx of large-scale deals, but the market has already passed its transaction low point compared to the beginning of the year," forecasted the RSQUARE Research Center. "If the manufacturing and logistics business climate and interest rate environment stabilize, the mid-term recovery trend will become more evident." The center added, "While demand for actual users in core locations remains steady, we expect selective transactions to continue for the time being."