Can I keep the same density assumption when moving to Seoul?

Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Seoul-specific defaults.

Moving into Seoul from another Tier 1 market means re-baselining occupancy economics in KRW, re-running headcount density against local norms, and translating lease terminology to local conventions.

Re-baseline occupancy in KRW (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Seoul relocation guide

TL;DR

Re-baseline occupancy in KRW (then USD for comparison).
Local lease conventions differ — translate terms via the Lease Term Translator.
Density assumptions vary materially by region; revalidate.
Build local counsel and broker relationships before the LOI, not after.

Re-baseline economics

Headline Seoul rent is 142000 KRW/sqft/yr ($102 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.

Translate the contract

Standard 5-year lease (often 3+2). Rent + management fees billed separately. Large jeonse (lease deposit) common — 10-20x monthly rent. Reinstatement contractual. Use the Lease Term Translator to map terminology before reading the LOI.

Build the local stack

Engage a tenant-rep broker, local counsel, an MEP/AV designer with Seoul project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.

Key facts

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%

Frequently asked questions

Can I keep the same density assumption when moving to Seoul?: Not without revalidation. Local density norms differ; loss factors differ; meeting-room intensity expectations differ. Re-run the Office Space Calculator with Seoul-specific defaults.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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