2017 SEOUL OFFICE TENANT PROFILE
THREE MAJOR BUSINESS DISTRICTS & EMERGING DISTRICTS
CBRE RESEARCH
EXECUTIVE SUMMARY EXECUTIVE SUMMARY
NOTABLE CHANGES BY TENANT TYPE
The total volume of leasable Grade A office space increased by 5.8%pt y-
o-y in 2016, mainly due to Samsung’s sale of its headquarters buildings in
the CBD and GBD.
under the tenant category.
This was due to KB securities acquiring POBA building, thus changing its
classification from tenant to landlord.
The steady flow of relocations by the likes of Samsung led to a decline in
the proportion of Grade A office space occupied by Chaebols in 2016.
along with Samsung’s electronics and construction subsidiaries in GBD drove an
8.6%pt (GBD) and 6.8%pt (CBD) decrease in the Chaebol-occupied office space
in 2016.
Similar to last year’s survey, the results showed that foreign companies
prefer Grade A office buildings. Approximately 25% of Seoul Grade A
office space is occupied by foreign companies.
space in this district is occupied by overseas firms, followed by the CBD (24.9%)
and the YBD (15.0%).
NOTABLE CHANGES BY TENANT INDUSTRY
Demand from the IT and communications sector continued to increase in
all three business districts in 2016. The strongest growth was recorded in
GBD, which saw a 2.0% y-o-y increase in the proportion of total office
space occupied by this sector.
Elsewhere, expansion by foreign manufacturers and pharmaceutical firms
drove a 1.2% y-o-y increase in the proportion of total office space occupied
by this sector in the GBD.
Although the proportion of finance sector rose by 0.5%pt in the YBD, the
total office space (GFA) occupied by this sector reduced after the departure
of financial entities such as IBK, Daishin Securities and Mirae Asset
Daewoo.
EMERGING MARKETS – PANGYO & DMC
Pangyo saw an increase in the proportion of total office space occupied by
the construction sector following the relocation of Samsung C&T from the
GBD, which consequently recorded a decline in the total office space
occupied by the same sector.
remained relatively unchanged, the inflow of construction sector firms pushed
down its total share of occupied office space by 2.9%.
In the DMC the growth of various media firms drove a 1.9% y-o-y increase
in the proportion of total office space occupied by the information and
communications sector.
Key findings:
SUMMARY OF KEY FINDINGS – 2016 GRADE A
PERCENTAGE OF SPACE USED BY EACH INDUSTRY WITHIN EACH BUSINESS DISTRICT
YBD
Q4 2016
Q4 2015
Grade A Office Occupancy
by Industry (%)
CBD
Grade A Office Occupancy
by Industry (%)
Q4 2016
Q4 2015
DMC
Grade A Office Occupancy
by Industry (%)
Q4 2016
Q4 2015
GBD
Grade A Office Occupancy
by Industry (%)
Q4 2016
Q4 2015
PANGYO
Grade A Office Occupancy
by Industry (%)
Q4 2016
Q4 2015
*Note: Only DMC and Pangyo refer to Grade A & B
MACROECONOMY。。。以上简介无排版格式，详细内容请下载查看