Seoul has 6 distinct Class A submarkets we track, anchored by Jongno / Gwanghwamun (CBD) at the trophy tier.
Seoul has 6 distinct Class A submarkets we track, anchored by Jongno / Gwanghwamun (CBD) at the trophy tier.
**Jongno / Gwanghwamun (CBD)** (trophy, ~₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD) — Seoul's historic corporate spine. **Yeouido (YBD)** (trophy, ~₩138,000/pyeong/mo · ≈ $33.5 PSF/yr USD) — The financial island. **Gangnam (GBD)** (trophy, ~₩145,000/pyeong/mo · ≈ $35.2 PSF/yr USD) — Tech and consumer-brand HQ corridor. **Seongsu** (prime, ~$35/sqft/yr) — Brooklyn-style creative-class submarket. **Magok** (prime, ~$30/sqft/yr) — Western R&D and life-sciences district. **Pangyo Techno Valley** (prime, ~$36/sqft/yr) — Korea's principal tech HQ campus south of the city.
| 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% |
| trophyCount | 3 |
| primeCount | 3 |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.