Major tech occupiers are leading growth in the Korean leasing market
Insights & Recommendations
The influence of tech occupiers on Korea’s leasing market is growing. With rapid growth in online business and strong financial backing, tech companies are emerging as big players in office development, investment, and leasing.
- As Korea's status as an IT powerhouse strengthens, a rising number of global tech companies are considering entry into the Korean market.
- As tech occupiers continue to expand, we recommend landlords remain competitive and offer incentives sufficient to attract these high growth companies.
- Unlike the manufacturing industry, tech companies, especially in the gaming sector, are facing space shortages as their headcounts grow. As space is limited in the Pangyo area, we recommend considering Seongsu-dong, Guro, and Gwacheon as potential headquarters locations.