Seoul’s Grade A office space is being occupied by 2.5 percent of tenants, an increase of around 0.8 percent since last year. This growth is due landlords stepping up their efforts to reduce vacancy caused by areas of low quality and changing lower office floors into retail spaces. In response to the demand, many new office complexes are being built in Seoul’s central zone.
Many of the biggest companies listed on Korea’s stock exchange are moving to Seoul’s central business district. The economic stimulus package from the Korean government is expected to increase the economy in this year. The opening of The Mall of Asia Gangnam is attracting major companies to increase their presence. The mall comprises The Mall of Korea Central, The Mall of Asia East and The Mall of Asia West. The mall is home to four anchor stores and four restaurants. Tenants include major companies like Samsung, Hyundai, LG and Hyundai.
Another reason that business owners are encouraged to relocate to Seoul is the availability of many new office buildings that have been constructed within the city. These office buildings are referred to as Sangga Daegyeong or the red building. These buildings are situated along the busy streets of central Seoul and are popular for their design and style. The biggest companies have their headquarters in seoul and this is reason why demand for office space is high.
오피 Seoul real property is a good option for investors and consumers. The real estate market in south Korea has attained its highest value when compared to other countries like the US. The market is growing quickly because the South Korea government provides incentives to businesses to establish operations in its country. This market has the fastest rate of growth in comparison to the other markets. The demand for office space is among the reasons why business owners have increased their requirements to relocate to the capital city of south Korea.
The biggest cities in South Korea consist of the two cities of Busan and Seoul. The capital has a population of about 20 million people. Beyond that the capital, there are several small communities in the area such as the Jeju Island, Gyeongbok-do, Andong, Sokcho, Suwon and Yeosyong. Two districts, Suwon and Busan, are the principal commercial centers in south Korea. The capital is home to two huge cities called Seoul and Busan. The two cities are home to two dozen counties and a number of islands.
Suwon-do is the biggest city in South Korea and is located on the border of Korea and China. It is Korea’s second-largest and also the home of the central government office. Two district offices of Suwon-do are located at the intersection of two rivers; the Cheolji and the Yeoksam. The principal districts in Suwon-do are Gangnam, Han Dong, Ulsan and Cholsan.
The next stop is the pungsu city, or the red city. It is the third biggest city in Korea. Its main manufacturing sector is electronics. A few other industries include manufacturing of clothing. Pungsu is a well-known tourist destination and there are numerous Seoul offices in the area.