In its Global Market Perspective report for Q315, Jones Lang LaSalle (JLL) notes that the notional capital values of prime office buildings in Seoul have risen by 6.9% over the last year. The prime yield is 4.7%, or a 2.25% premium/discount to the yield on 10-year government bonds. Over the last year, rents have fallen by 0.9% and net absorption (on a rolling one year basis) has been -0.2%. The vacancy rate is currently 11.5%. Taking into account completions of new projects prior to the end of 2016, the supply pipeline is 3.2% of current stock.

Source : November 2015/JLL/Seoul/OFF