R&D-grade Class A space in Seoul concentrates in dedicated science clusters; rents for true wet-lab capability run 30–80% above standard Class A office rent.
R&D-grade Class A space in Seoul concentrates in dedicated science clusters; rents for true wet-lab capability run 30–80% above standard Class A office rent.
Seoul's R&D capacity sits in purpose-built science clusters with MEP and floor-loading designed for lab use. Standard Class A office stock can sometimes accept light-lab tenants but rarely true wet-lab without significant retrofit.
R&D rents typically run 30–80% above standard Class A. Tenant fit-out for wet-lab is 2–4× standard office fit-out. Budget accordingly.
| city | Seoul |
|---|---|
| country | South Korea |
| region | APAC |
| classARentLocal | 142000 KRW/sqft/yr |
| classARentUsd | $102/sqft/yr |
| vacancy | 5.2% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 6 |
| submarkets | 6 |
| primeYieldPct | 4% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.