Newmark: Seoul office vacancy holds at 3.8% as rents rise 5% y/y

• Newmark 1Q26 Korea Office Leasing Conditions & Trends report flagged stable fundamentals in Seoul office market, with vacancy unchanged at 3.8% quarter-over-quarter.
• Rents rose about 5% year-over-year, supported by sustained demand for high-quality space.
• Redevelopment-related relocations drove more tenant movement, contributing to short-term vacancy swings.
• Report highlighted negative absorption in core assets, reflecting refurbishment-driven churn.
• Technology, consumer-led companies increased presence, supporting more diversified tenant demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on April 16, 2026, and is solely responsible for the information contained therein.