Jongno / Gwanghwamun (CBD) is a trophy-tier Seoul submarket with average asking rent around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.

  • Average asking rent: ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD ($34 USD).
  • Citywide vacancy: 5.2% — submarket-level availability is typically tighter at trophy tier.

Jongno / Gwanghwamun (CBD), Seoul office rents and availability

Jongno / Gwanghwamun (CBD) is a trophy-tier Seoul submarket with average asking rent around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.

TL;DR

  • Average asking rent: ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD ($34 USD).
  • Citywide vacancy: 5.2% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Jongno / Gwanghwamun (CBD) averages around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD for Class A, against a citywide Class A index of 142000. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Seoul's historic corporate spine. Government, banking, professional services, conglomerate HQs.

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

What is the average Class A rent in Jongno / Gwanghwamun (CBD), Seoul?
Around ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD. The citywide Class A index sits at ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD.

Related

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

Full sources index · Submit a correction

Related topics