Magok is a prime-tier Class A submarket of Seoul with average asking rent around $30/sqft/yr.
Western R&D and life-sciences district. · Tier: prime · Avg rent: $30/sqft/yr
Magok in western Seoul is the city's purpose-built R&D and life-sciences district — anchored by LG Science Park and the Seoul Botanic Park.
R&D, life sciences, biotech, advanced manufacturing HQs.
20–40,000 sqft floor plates available across newer Class A stock.
Magongnaru (Lines 5, 9), Balsan (Line 5).
Multi-modal transit with high commute capture from the city's professional catchment.
Seoul Botanic Park, LG Science Park campus.
Magok is one of 6 Class A submarkets we cover in Seoul, classified as prime tier with an average asking rent around $30/sqft/yr. Compared with the broader Seoul Class A stock, Magok typically attracts R&D, life sciences, biotech, advanced manufacturing HQs and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Magok: Jongno / Gwanghwamun (CBD), Yeouido (YBD), Gangnam (GBD), Seongsu. The full Seoul submarket atlas is at /cities/seoul.
For an institutional Class A occupier evaluating Magok, 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 prime 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.