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Trends and Insights

18 Nov 2023


Office Occupancy in Seoul, Best in The World

South Korea's capital Seoul is the world's best performing office market, boasting over 98% occupancy in grade-A offices. A recent example saw domestic and international companies fighting to occupy floor space in the esteemed Gangnam district. In contrast, US commercial real estate owners face dwindling interest, repercussions of higher interest rates and an estimated nine months of predicted market decline. [Source](