Changing face of Sydney's property market
May 19, 2014
Top Tips: Seoul’s supply surplus begins to taper off
Vacancy rates are finally beginning to fall in Seoul’s commercial property market, says Darren Krakowiak, Jones Lang LaSalle’s national director and head of markets for Korea.
The key driver in the Seoul commercial property market has been new construction. There has been a lot of new supply that has come onto the market in the past four years, which has caused a large increase in the vacancy rate over that time.
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