Newmark Releases Q3 2026 Seoul Office Market Report
Newmark released its Q3 2026 Seoul Office Market Report, showing Grade A vacancy at 4.5% and face rents up 4.9% year-on-year, with tenant relocations driving divergent leasing outcomes across submarkets. CBD vacancy rose 0.5 points to 7.0% and GBD rose 0.6 points to 2.7%, while financial-sector demand in the YBD cut vacancy 0.8 points to 2.3%.
Key figures
- Revenue
- $3.6 billion
- Cbd vacancy
- 7.0%
- Gbd vacancy
- 2.7%
- Ybd vacancy
- 2.3%
- Cbd vacancy change
- +0.5pp QoQ
- Gbd vacancy change
- +0.6pp QoQ
- Ybd vacancy change
- -0.8pp QoQ
- Grade a face rent yoy
- +4.9%
- Seoul grade a vacancy
- 4.5%
AI analysis
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