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insights • workplace
South Korea Office Fit Out Cost Guide 2026An office fit out refers to the process of designing and constructing an office space to meet the specific needs of the occupier. This can include everything from furniture and equipment to mechanical and electrical systems.
March 24, 2026
insights • workplace
2025 Office Tenants Profile ReportDisparities across submarkets and asset classes in the office leasing market are becoming more pronounced.
Suki Kim • September 16, 2025
insights • workplace
Sorim Jie: Seoul's Office Market Remained Sought After with Low Vacancy RatesKorea office market has not been largely affected by Covid-19 nor WFH. Although there has been a slowdown in rent increase and net absorption, the vacancy rate in major business district is still under 5% and the cap rate still at mid-4% for Grade A offices.
Sorim Jie • May 13, 2025
insights • workplace
2024 Office Tenants Profile ReportThe Seoul office leasing market remains a landlord-dominant market, marked by record-low vacancy rates and peak rental prices due to the shortage of new office supply within major business districts.
Suki Kim • November 12, 2024
research • workplace
2024 Korea Commercial Real Estate Market Outlook ReportThis report provides an overview of the current domestic economy using macroeconomic data and presents a 2024 outlook on the commercial real estate market for key sectors of the industry.
Jin So • December 18, 2023
insights • workplace
2023 Office Tenants Profile ReportThe demand for offices in the Seoul has remained high compared to major overseas countries even after the COVID-19 pandemic.
Suki Kim • December 04, 2023
research • workplace
REWORKING the Office Asia PacificOur ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
Anshul Jain • November 03, 2023
research • workplace
Rethinking the office sector in Asia PacificOur report takes a deeper dive into the underlying dynamics and drivers across The APAC region’s major markets and provides a roadmap for asset optimisation.
June 21, 2023
insights • workplace
Obsolescence Equals OpportunityMuch has been written about the potential death of the office, with justifiable concern that some office properties may never again be fit for their original purpose. Running counter to the doomsday narrative is Cushman & Wakefield’s new publication, Obsolescence Equals Opportunity. In it, we offer a perspective focused on the upside potential for owners who are able to meet the market’s call to action.
Kevin Thorpe • February 22, 2023
insights • workplace
2022 Office Tenants Profile ReportThe Seoul office leasing market has undergone substantial changes in the wake of the COVID-19 pandemic.
Suki Kim • December 16, 2022
research • workplace
Asia Pacific Office Outlook 2023Supply, Demand, Vacancy and Rent: A look at the fundamentals underpinning Asia Pacific’s key office markets in 2023 and beyond.
December 07, 2022
research • workplace
Workplace Ecosystems of the FutureIn this report, we examine what the future of the office will look like in a post-COVID-19 world by exploring investor, occupier and placemaker feedback and analyze historical work from home (WFH) penetration rates.
David Smith • December 21, 2020
