In the second quarter of 2024, the rental prices of office buildings in Seoul amounted to around 23,500 South Korean won per square meter, the highest among all provinces in South Korea. Gyeonggi and Incheon followed with about 12,700 and 8,400 won per square meter, respectively.
More than 300,000 units in a housing survey were considered to be non-residential buildings, such as officetels, in South Korea in 2023. These units are known to be more affordable than traditional housing options but are short in space and usually designed for a maximum of one or two people. Officetels offer a practical solution for long commutes or allow a more independent lifestyle, often sought by young adults used to multi-generational communal living commonly practiced in South Korea.
Rental prices of office buildings in South Korea in 2nd quarter 2024, by province
(in 1,000 South Korean won per square meter)
Characteristic
Rental prices in thousand South Korean won per square meter
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KOSIS. (August 6, 2024). Rental prices of office buildings in South Korea in 2nd quarter 2024, by province (in 1,000 South Korean won per square meter) [Graph]. In Statista. Retrieved February 17, 2025, from https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed
KOSIS. "Rental prices of office buildings in South Korea in 2nd quarter 2024, by province (in 1,000 South Korean won per square meter)." Chart. August 6, 2024. Statista. Accessed February 17, 2025. https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed
KOSIS. (2024). Rental prices of office buildings in South Korea in 2nd quarter 2024, by province (in 1,000 South Korean won per square meter). Statista. Statista Inc.. Accessed: February 17, 2025. https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed
KOSIS. "Rental Prices of Office Buildings in South Korea in 2nd Quarter 2024, by Province (in 1,000 South Korean Won per Square Meter)." Statista, Statista Inc., 6 Aug 2024, https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed
KOSIS, Rental prices of office buildings in South Korea in 2nd quarter 2024, by province (in 1,000 South Korean won per square meter) Statista, https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed (last visited February 17, 2025)
Rental prices of office buildings in South Korea in 2nd quarter 2024, by province (in 1,000 South Korean won per square meter) [Graph], KOSIS, August 6, 2024. [Online]. Available: https://www.statista.com/statistics/1249017/south-korea-office-rental-prices-by-province/?__sso_cookie_checker=failed