Jongno / Gwanghwamun (CBD) is best-fit for government, banking, professional services, conglomerate hqs.

  • Tier: trophy.
  • Tenant fit: Government, banking, professional services, conglomerate HQs.
  • Average rent ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.

Jongno / Gwanghwamun (CBD), Seoul: best fit for…

Jongno / Gwanghwamun (CBD) is best-fit for government, banking, professional services, conglomerate hqs.

TL;DR

  • Tier: trophy.
  • Tenant fit: Government, banking, professional services, conglomerate HQs.
  • Average rent ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.

Best fit

Government, banking, professional services, conglomerate HQs.

Less good fit

Cost-sensitive operations and back-office functions are usually a poor fit — the rent premium is real and is paid for brand and address.

Key facts

citySeoul
submarketJongno / Gwanghwamun (CBD)
tiertrophy
averageRentLocal₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD
cityClassARentUsd$34/sqft/yr
cityVacancyPct5.2%

Frequently asked questions

Is Jongno / Gwanghwamun (CBD) the right fit for my office?
Government, banking, professional services, conglomerate HQs. If your profile aligns, yes. If your priority is cost over address, consider value-tier submarkets first.

Related

Editorial provenance

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

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