NYSE:JLLReal Estate
Should Rising Seoul Grade A Office Vacancies and CBD Oversupply Require Action From Jones Lang LaSalle (JLL) Investors?
In Q2, Jones Lang LaSalle reported that Seoul’s Grade A office vacancy rate rose to 6.6%, with the central business district reaching 12.3%, pushing this market above 5% vacancy for the first time since early 2022 amid new supply completions and pipeline pressure.
This jump in vacancies, especially in the core business district, highlights how concentrated oversupply in a key Asian gateway office market can shape investor caution toward global real estate service providers like JLL.
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