Actionable recommendations for tech occupiers
The Teheran Valley region in Gangnam is most advantageous for tech tenants to form a business network. However, a company that needs a larger space should consider Pangyo, because there is not enough Grade A office supply in the GBD. However, for small start-ups, Colliers recommends Grade B offices or flexible workspace in GBD, or the emerging areas of Seongsu-dong and Hongdae.
The Gangnam area is the most convenient location for tech tenants due to the convenient accessibility, various start-up supporting agencies and access to venture capital. Pangyois the ideal location for game-related tech tenants. It is also recommended for tenants who want to expand their office space. Hongdaeis a good location to attract recent college graduates, and there are many good supporting organisationsfor immature start-ups. Seongsu-dong is an expanding social ventures hub, where social entrepreneurs work to achieve sustainable, social objectives. Due to its proximity to Gangnam, many start-ups are likely to flock here due to high rents in the Gangnam area and inconvenient traffic in the Pangyoarea.
