Seoul Figures Q4 2022

2023 년 02 월 13 일

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  • The CBD registered the strongest office net absorption of all major districts this quarter as companies including Korea Trust and Louis Vuitton moved to the area to escape soaring rents in the GBD.


  • Domestic retail sales growth slowed significantly in Q4 2022 compared to the previous three quarters as high inflation and a sharp rise in key interest rates weighed on consumption. However, sales at convenience stores and hypermarkets remained resilient.


  • Although the pace of new logistics completions have slowed, work on most new developments scheduled to come on stream in 2023 was well underway as of December 2022, with all projects on course to be completed this year.


  • Despite a sharp fall in investment volume this quarter, each sector’s share of overall transaction volume was largely unchanged, while purchasing continued to be mainly driven by local capital.