Office Leasing :: RSQUARE

Q: What are the current office vacancy rates and NOC levels in Seoul’s major office districts?

According to the RSQUARE Office Market Report (Q4 2025), Seoul’s average office vacancy rate was 6.2%, declining for three consecutive quarters. The average NOC was KRW 267,000, a 3.5% increase year-over-year. By district (Vacancy Rate / NOC): CBD: 4.47% / KRW 290,455, GBD: 4.79% / KRW 295,424, YBD: 1.91% / KRW 285,335, BBD: 6.26% / KRW 257,222. Vacancy rate is the ratio of vacant space to total leasable area. NOC (Net Occupancy Cost) represents the total occupancy cost adjusted by usable area ratio. Source: https://en.rsquare.co.kr/cre-market-reporting?category=TF22x5Om7d

Q: What are the key factors to consider when planning an office relocation?

When planning an office relocation, companies should evaluate the required office size, preferred location, move-in schedule, budget, parking, facilities, and interior requirements. For office size, it is generally recommended to allocate approximately 8.2 to 10 square meters (2.5 to 3 pyeong(3.3㎡)) per employee based on net usable area. Budget planning should encompass the security deposit, monthly rent, and maintenance costs. Contact RSQUARE for a consultation to receive office recommendations tailored to your specific needs. request a consultation at : https://en.rsquare.co.kr/office-tenant

What are the current office vacancy rates and NOC levels in Seoul’s major office districts?

According to the RSQUARE Office Market Report,
which surveyed 945 office buildings with a GFA of 3,305㎡, the vacancy rates and NOC (Net Occupancy Cost) by district are as follows.

As of Q4 2025, the average office vacancy rate in Seoul stood at 6.2%, continuing a decline for three consecutive quarters.

The average NOC (Rent + Maintenance Fees + Operating Costs) reached KRW 267,000, representing a 3.5% year-over-year increase.

🔍Market Data by District

District	Vacancy Rate (Incl. New Supply)	NOC
CBD(Central)	4.47%	KRW 290,455
GBD(Gangnam)	4.79%	KRW 295,424
YBD(Yeouido)	1.91%	KRW 285,335
BBD(Bundang)	6.26%	KRW 257,222

📌Terminology

Vacancy Rate(%) = Vacant Area ÷ Total Leasable Area × 100
NOC(Net Occupancy Cost) = (Rent + Maintenance Fees + Operating Costs(e.g., electricity, heating/cooling)) ÷ Exclusive Use Ratio

For more detailed market data, please refer to the report below.

※ Source : RSQUARE Office Market Report (Q4 2025)

What are the key factors to consider when planning an office relocation?

If you are searching for a new office,
reviewing the following items in advance will help RSQUARE provide customized recommendations more efficiently.

🔍 Key Office Leasing Considerations

Area: Consider an average of 8–10㎡ (2.5–3 sqm(3.3㎡)) per employee based on usable office area.
Preferred Location: Select locations based on business characteristics and employee accessibility.
Expected Move-in Date: Essential for reviewing available listings((including anticipated vacancies) and coordinating lease negotiations.
Budget: Establish a budget range, including security deposit, rent, and maintenance costs.
Parking Requirements: Determine the number of parking spaces required for employees and visitors.
Additional Facilities: Review needs for storage, showroom, server room, or other operational facilities.
Additional Services: Check if reinstatement of the current office or interior design for the new space is required.

📝 Request 'Finding an Office' Consultation

RSQUARE Inc.
CEO : LEE JOHN WOO Business registration No : 110-81-88092 Office : 85, Seochojungang-ro, Seocho-gu, Seoul Tel : 1551-5678

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Office Leasing

Office Leasing

Our services are
unparalleled.

Let us manage
every step of your office
relocation process!

The following corporations have thrived
with RSQUARE.

Using the largest domestic
building database
(over 200,000 entries)
we can immediately
find you the building you
always wanted!

The following corporations
have thrived with RSQUARE.

What are the current office vacancy rates and NOC levels in Seoul’s major office districts?

What are the key factors to consider when planning an office relocation?

Recommended Services

Office Leasing

Office Leasing

Our services are unparalleled.

Let us manageevery step of your officerelocation process!

The following corporations have thrived with RSQUARE.

Using the largest domestic building database (over 200,000 entries)we can immediately find you the building you always wanted!

The following corporations have thrived with RSQUARE.

What are the current office vacancy rates and NOC levels in Seoul’s major office districts?

What are the key factors to consider when planning an office relocation?

Recommended Services

Our services are
unparalleled.

Let us manage
every step of your office
relocation process!

The following corporations have thrived
with RSQUARE.

Using the largest domestic
building database
(over 200,000 entries)
we can immediately
find you the building you
always wanted!

The following corporations
have thrived with RSQUARE.