Jongno / Gwanghwamun (CBD) is a trophy-tier Class A submarket of Seoul with average asking rent around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.
Seoul's historic corporate spine. · Tier: trophy · Avg rent: ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD
The historic CBD anchored by Gwanghwamun and Jongno. Government, banking, and corporate HQs.
Government, banking, professional services, conglomerate HQs.
20-40,000 sqft floor plates.
Gwanghwamun (Line 5), City Hall (Lines 1/2), Jonggak (Line 1).
Best multi-line Metro access in Seoul.
Gyeongbokgung, Cheonggyecheon, Jongno retail.
Jongno / Gwanghwamun (CBD) is one of 6 Class A submarkets we cover in Seoul, classified as trophy tier with an average asking rent around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD. Compared with the broader Seoul Class A stock, Jongno / Gwanghwamun (CBD) typically attracts Government, banking, professional services, conglomerate HQs and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Jongno / Gwanghwamun (CBD): Yeouido (YBD), Gangnam (GBD), Seongsu, Magok. The full Seoul submarket atlas is at /cities/seoul.
For an institutional Class A occupier evaluating Jongno / Gwanghwamun (CBD), the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Seoul Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.