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Seoul, South Korea

Metropolitan Area Economic Overview
Calculations for all indices were provided byApplied Geographic Solutions

Market Research provided by NAI Korea
Last Updated: 10-Jan-2012
Market Overview
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Market Research

* Click on each category for a detailed definition.

Rent/M2/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) KRW 217,800.00 KRW 360,000.00 N/A $ 17.82 $ 29.46 N/A 7.9% 4.0%
Class A (Prime) KRW 294,000.00 KRW 447,600.00 N/A $ 24.06 $ 36.63 N/A 4.4% 5.0%
Class B (Secondary) KRW 236,400.00 KRW 336,000.00 N/A $ 19.34 $ 27.50 N/A 3.3% 6.0%
 
Suburban Office
New Construction (AAA) KRW 138,000.00 KRW 312,000.00 N/A $ 11.29 $ 25.53 N/A 4.1% 5.0%
Class A (Prime) KRW 132,000.00 KRW 288,000.00 N/A $ 10.80 $ 23.57 N/A 2.9% 5.5%
Class B (Secondary) KRW 102,000.00 KRW 234,000.00 N/A $ 8.35 $ 19.15 N/A 2.1% 6.5%
 
Industrial
Bulk Warehouse KRW 120,000.00 KRW 217,800.00 N/A $ 9.82 $ 17.82 N/A 5.0% 7.5%
Manufacturing KRW 84,000.00 KRW 186,000.00 N/A $ 6.87 $ 15.22 N/A 7.0% 8.5%
High Tech / R&D N/A N/A N/A N/A N/A N/A N/A 1.0%
 
Retail
Downtown KRW 1,910,000.00 KRW 3,675,000.00 N/A $ 156.30 $ 300.73 N/A 5.3% 7.0%
Neigborhood Service Centers KRW 572,250.00 KRW 1,144,500.00 N/A $ 46.83 $ 93.66 N/A 7.2% 9.0%
Community Power Center KRW 287,100.00 KRW 506,000.00 N/A $ 23.49 $ 41.41 N/A 12.0% 7.5%
Regional Malls KRW 487,000.00 KRW 729,300.00 N/A $ 39.85 $ 59.68 N/A 9.6% 8.0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD KRW 36,300,000.00 KRW 39,325,000.00 $ 129,395,233.74 $ 140,178,169.88
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks N/A N/A N/A N/A
Office/Industrial Land - Non-park N/A N/A N/A N/A
Retail/Commercial Land N/A N/A N/A N/A
Residential N/A N/A N/A N/A

Conversion 1135.29KRW = 1 US$


 

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