[NewsSpace=Jack Moon] Once hailed as a paradise for IT and gaming companies, Pangyo Techno Valley is undergoing a transformation. Much like a natural ecosystem evolves over time, the business landscape of Pangyo is in a constant state of evolution. Recent analysis from RSQUARE has clarified the reasons behind this change. According to RA (RSQUARE Analytics), office rental prices in Pangyo Techno Valley rose by 5.3% in the second quarter of 2024 compared to the same period last year, surpassing the 4.1% increase seen in Seoul’s Gangnam area. This reflects the sustained demand in Pangyo, albeit
[NewsSpace=Jack Moon] Seoul's office landscape is showing signs of transformation. Once dominated by the three major districts of Gangnam, Yeouido, and the Central Business District, a new star is rising: Magok. Recent data analysis from RSQUARE reveals the reasons behind this shift. According to RA (RSQUARE Analytics), office rental prices in the Magok area rose by 7.2% in the second quarter of 2024 compared to the same period last year. This figure significantly exceeds the average increase of 5.1% across Seoul's three major districts, indicating a rapid surge in demand for Magok. An intrigu
[NewsSpace=Jack Moon] In Netflix's popular show 'Culinary Class Wars' a remark made by a 'Black Spoon' chef captured the hearts of viewers. Faced with dishes from "White Spoon” chefs, who were armed with high-quality ingredients and extravagant plating, the Black Spoon chef responded with unique interpretations and creativity. This seemed to symbolize a broader shift in the landscape of Seoul's commercial districts. Just as the culinary world is divided into Black and White spoons, Seoul's commercial areas have long been categorized into 'Gangnam' and 'other districts' However, recent data rel
[NewsSpace=Jack Moon] July 2024 saw a significant uptick in factory and warehouse real estate transactions across South Korea, with 568 deals totaling 1.7 trillion won. This represents a 19.1% increase in transaction volume and a 2.3% increase from June. Chungbuk province led the growth with a remarkable 1,296% increase in transaction value. Other regions, including Jeonnam, Ulsan, Daegu, Sejong, and Gangwon, also experienced substantial growth. In the Seoul metropolitan area, both Seoul and Incheon saw significant increases in transaction values. Gyeonggi Province, the country's largest marke
[NewsSpace=Jack Moon] Seoul's commercial real estate market is showing signs of recovery after a period of sluggishness due to high interest rates. In July 2023, the number of commercial building transactions in Seoul increased by 23% compared to the previous month, totaling 187 deals worth 2 trillion won. Although the figure represents a 28.9% decrease from June, it marks a 81.2% increase in YoY. Investment returns are also on the rise, with office spaces in Seoul showing a 1.99% return in Q2, up 0.15 percentage points from the previous quarter. The Gangnam district, in particular, saw signif
[NewsSpace=Jack Moon] The Central Business District (CBD) around Gwanghwamun, which boasted nearly 100% occupancy rates despite uncertain economic conditions, is expected to suffer from vacancy pains in the future. This is due to the concentration of large-scale new supply through reconstruction projects after the second half of 2026. According to the commercial real estate industry on the 18th, from 2026, office supply of about 400,000㎡ in gross floor area is scheduled in areas such as Gongpyeong, Supyo, Sewoon districts, and Hyoje-dong in Jongno-gu. This large-scale office volume, equivalent
[NewsSpace=Jack Moon] Commercial real estate industry is concerned as the aftermath of the TMON-WeMakePrice crisis continues with partner companies filing for bankruptcy protection one after another. As sales plummet due to delayed settlements, an increasing number of small and medium-sized partners and suppliers are unable to withstand the pressure and are filing for bankruptcy protection. This led to a sharp rise in companies downsizing their offices or closing them altogether to cut costs. Vacancies near Nonhyeon and Yeoksam stations are rapidly increasing as most e-commerce-related partner
[NewsSpace=Jack Moon] "Never seen anything like it." Last weekend, I roamed the streets of Seongsu-dong in Seoul, camouflaged as Gen MZ. After visiting the newly opened Musinsa offline store, I noticed the new Olive Young store opened right across the street. The online fashion powerhouse facing off the No.1 offline health & beauty store on the same street offered a striking view. Seongsu-dong has evolved far beyond being just a hipster sanctuary; it has become the new battleground for retail giants. What caught their attention? Which side is Gen MZ on? Seongsu-dong is emerging as a new ba
[NewsSpace=Jack Moon] The small office building market in Seoul's Gangnam district is showing a unique phenomenon that defies common investment sense. RSQUARE's latest data analysis provides a breakdown of the paradox alluding to its historical background and its distinct urban landscape. According to RSQUARE's R.A (Real Estate Analytics) system, the ‘24.Q2 average cap rate of small office buildings in Seoul stood at 3.2%, significantly lower than that of medium and large buildings at 4.5%. Average sale price, however, was 35 million won per py (pyeong) for small that exceeded the 32 million w
[NewsSpace=JeongYoung Kim] Samsung today announced that the company hosted its flagship career fair and networking event Tech & Career (T&C) Forum in London, United Kingdom, as part of continuous efforts to secure global talent and further strengthen the firm’s technological competitiveness on a global level. The Tech & Career Forum is a career fair where Samsung SDI’s top executives meet with students from top-rated schools across the globe to share the company’s vision and recruit global top talent. The event was held for the third time this year, following previous ones in Bosto
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UPDATE: 2024년 12월 09일 10시 50분
