# Seoul prime office vacancy edges higher to 4.2% in Q2 as occupiers reshuffle

- **Source:** Real Estate Asia
- **Published:** 2026-08-04T00:55:05.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/seoul-prime-office-vacancy-edges-higher-42-in-q2-occupiers-reshuffle
- **Topics:** Commercial & Industrial, Transactions & Deals

## Featured rationale

The increase signals occupier reshuffling rather than broad weakness, with GBD remaining tight at 1.7% and potentially sustaining stronger landlord leverage there than in CBD.

## AI summary

Seoul’s prime office vacancy rose 0.2 percentage points quarter-on-quarter to 4.2% in Q2 2026, as net absorption turned negative at 11,600 square metres.

## Original article

CBD recorded negative net absorption during the quarter.

Seoul's prime office market recorded negative net absorption of 11,600 square metres during the second quarter of 2026, with the overall vacancy rate rising 0.2 percentage points quarter-on-quarter to 4.2%, according to Savills.

Savills said the CBD accounted for the decline, recording negative net absorption of 16,300 square metres as vacancy increased to 6.0%. The agency attributed the softer result to several large occupier departures despite ongoing leasing activity.

Among notable transactions, Hanwha Ocean relocated from Grand Central to Daeshin 343, while LG H&H moved into Seoul City Tower. Bae, Kim & Lee LLC, Korea Inclusive Finance Agency and CJ Olive Young all expanded their office footprints, partially offsetting newly created vacancies.

However, Savills said refurbishment works across Hanwha Group properties and office optimisation by SK Group generated substantial vacant space, with Hana Bank, Musicow, SK ON and SK Telecom all vacating large premises during the quarter.

The GBD remained the city's tightest office market, with vacancy holding at 1.7% for a third consecutive quarter. Savills said expansion by companies including The Founders, Craver Corporation, Tesla and Simmons Korea largely offset vacancies created by Lotte Property & Development's co-working operation and Clover Games.

In the YBD, redevelopment activity continued to drive tenant relocations. Savills highlighted Mirae Asset Securities' move into FKI Tower, together with expansions by Woori Investment Securities and Apple, helping deliver positive net absorption of 4,700 square metres and reducing vacancy by 0.2 percentage points to 4.2%.

## Chinese translation

> Translation model: grok_cli

### 首尔核心写字楼空置率在第二季度小幅升至4.2%，租户重新布局

2026年第二季度，首尔核心写字楼市场录得净吸纳量为负1.16万平方米，整体空置率上升0.2

中央商务区（CBD）当季录得负净吸纳。

据第一太平戴维斯（Savills）称，2026年第二季度，首尔核心写字楼市场录得净吸纳量为负1.16万平方米，整体空置率环比上升0.2个百分点至4.2%。

第一太平戴维斯表示，下滑主要来自CBD，该区域录得负净吸纳1.63万平方米，空置率升至6.0%。该机构将偏软表现归因于尽管租赁活动仍在持续，但仍有数家大型租户撤离。

在值得关注的交易中，韩华海洋（Hanwha Ocean）从Grand Central迁至Daeshin 343，LG生活健康（LG H&H）则迁入Seoul City Tower。Bae, Kim & Lee LLC、韩国包容性金融院（Korea Inclusive Finance Agency）以及CJ Olive Young均扩大了办公面积，部分抵消了新产生的空置。

不过，第一太平戴维斯表示，韩华集团（Hanwha Group）物业的翻新工程以及SK集团的办公空间优化产生了大量空置，韩亚银行（Hana Bank）、Musicow、SK ON和SK电信（SK Telecom）当季均腾退了大面积场所。

江南商务区（GBD）仍是全市最紧张的写字楼市场，空置率连续第三个季度维持在1.7%。第一太平戴维斯称，The Founders、Craver Corporation、特斯拉（Tesla）和Simmons Korea等公司的扩张，大体抵消了乐天房地产开发（Lotte Property & Development）联合办公业务以及Clover Games腾退所产生的空置。

在汝矣岛商务区（YBD），再开发活动继续推动租户搬迁。第一太平戴维斯重点提到未来资产证券（Mirae Asset Securities）迁入FKI Tower，以及友利投资证券（Woori Investment Securities）和苹果（Apple）的扩租，合计带来正净吸纳4700平方米，并将空置率压低0.2个百分点至4.2%。