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Seoul Prime Office Q4/2025

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Contacts & Related Research

The growth in 2025 transaction volume was driven by owner-occupier acquisitions and strategic investment.

- SAVILLS RESEARCH

Office transactions peak in 2025

  • Q4/2025 net absorption stood at 11,186 sq m, with the vacancy rate at 3.7% (down 0.1pp QoQ), maintaining a stable trend similar to the previous quarter.
  • Conglomerate downsizing and relocations are expected to continue through 2026. Coupled with 210,000 sq m of new CBD supply, the vacancy rate is projected to rise slightly.
  • Q4 volume reached KRW 6.4 trillion, bringing the 2025 total to KRW 21.1 trillion, an increase of approximately KRW 6 trillion over the 2021 record.
  • The estimated cap rate remained stable, but the spread narrowed slightly due to a rise in the five-year Treasury bond yield. 
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