JLL: Grade A office vacancy rate in Seoul of 11.5%, with supply pipeline of 3.2% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Seoul was 11.5%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 3.2%. Over the last year, rents have fallen by 0.9% and capital values have increased by 6.9%. Prime yields in 2Q15 were 4.7%.
Source : August 2015/JLL/Seoul/OFF