# Seoul office lease norms

> Standard 5-year lease (often 3+2).

**Canonical URL:** https://classa.info/cities/seoul/leasing-conventions
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Typical lease length: 5 years.
- Typical rent-free: 6 months.
- Vacancy: 5.2%; trend rising.
- Standard 5-year lease (often 3+2).

## Key facts
- **city**: Seoul
- **country**: South Korea
- **region**: APAC
- **classARentLocal**: ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD
- **classARentUsd**: $34/sqft/yr
- **vacancy**: 5.2%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 6
- **primeYieldPct**: 4%

## FAQ
### What's a typical lease term in Seoul?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Seoul?
In KRW/sqft/year. We also publish a USD-normalised view ($34/sqft/yr) for cross-market comparison.

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Citation: Source: Class A Atlas (https://classa.info/cities/seoul/leasing-conventions), updated 2026-04-15T00:00:00.000Z.