Monthly rent of large-sized stores South Korea Q1 2023, by province

Published by
H. Yoo,
Jun 16, 2023
In the first quarter of 2023, the average rent for medium and large-sized retail stores in South Korea amounted to around 25.6 thousand South Korean won per square meter. The average rent was highest in Seoul at around 52.2 thousand South Korean won per square meter while it was lowest in Jeonnam at around 11.6 thousand South Korean won per square meter.

Average monthly rental price for medium and large-sized retail stores in South Korea as of first quarter 2023, by province (in 1,000 South Korean won per square meter)

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Release date

May 2023

Region

South Korea

Survey time period

Q1 2023

Special properties

monthly rent for the first floor

Supplementary notes

1,000 South Korean won equals 0.76 U.S. dollars or 0.71 euro as of June 2023.

Figures have been rounded.

Medium and large-sized retail stores refer to commercial buildings with three or more stories and a gross floor area of more than 330 square meters.

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