Increasing investment volumes, with strong domestic investor activity

• In Q2/2025, the Seoul prime office vacancy rate increased 0.6 ppts QoQ to 4.0%, while the total net absorption of three major districts stood at -5,900 sq m.
• Driven by the reconstruction of the BoK Gangnam Branch and the relocation of Shinsegae affiliates, GBD was the only major district to record a positive net absorption.
• Seoul prime office rents rose by 2.8% YoY in the CBD and 2.7% YoY in the GBD, while the YBD recorded the highest increase among the three major districts at 4.9%.
• In Q2/2025, Seoul office transaction volume reached KRW 5.8 trillion, 1.5 times higher than the same period last year. Cumulatively, volume totaled KRW 8.5 trillion in 1H/2025, equivalent to 73% of the total volume recorded in 2024 (KRW 11.2 trillion).