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May 2022 | Korean Commercial Real Estate Investment Market

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Korea's evolving investment market amid high demand and rising interest rates

Insights & recommendations


In 2021, the Korean commercial real estate investment market achieved the highest investment volume in all sectors including offices, logistics, retail and hotels due to low interest rates and abundant liquidity.

Most Korean real estate investment is led by domestic investors. Moreover, since 2021 investment in trillion won trophy assets has shifted from global investors to domestic investors.

Unlike in the past, when asset managers primarily invested in real estate through real estate funds, competition is intensifying as not only REITs, but also investment platforms offering digital asset backed securities (DABS) and tech companies have arisen as major buyers of real estate.

    • Despite rising interest rates, sales prices continue to rise, therefore, we recommend investors diversify their investments, such as from offices to data centers, to reposition capital seeking the highest returns available in the current market.
    •  In the next two years, we expect the size of investments to decrease due to rising interest rates and a lack of investable assets.
    •  We expect Korean asset managers to increase their investments in logistics centers in 2022 as the number of offices available for investment decreases.



    May 2022 | Korean Commercial Real Estate Investment Market

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    Judy Jang




    As Director of Korea, Judy  is responsible for research outputs and play a major role to drive a more client-oriented research approach to support business win rate.

    She provided various presentations or documents for clients' market reviews and collaborated with each team to answer client inquiries. She has built a good rapport and reputation with our clients through our services, which provide industry experts with consistently useful market information. 

    Judy has over 15 years of experience in real estate business and 6 years in IT industry. Prior to joining Colliers, she has served as a Head of Research for 7 years in Cushman & Wakefield Korea. She also had worked at Golden Bridge Property Management (Vanguarz Asset), Polaris HQ, LAN bird Technology Company, and Alibaba Korea.


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    Robert Wilkinson

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    As Managing Director of Colliers International, Rob is responsible for the strategic direction of the Korea business, to lead the growth and diversification initiatives and develop leadership talent. He oversees all service lines as well as shared services including investment sales, office leasing, project management, valuation and advisory, research, marketing and communications, human resources and finance.

    Rob is also a member of the Colliers International Asia Leadership team.

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