Magok is a prime-tier Seoul submarket with average asking rent around $30/sqft/yr.

  • Average asking rent: $30/sqft/yr.
  • Tier: prime.
  • 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 prime tier.

Magok, Seoul office rents and availability

Magok is a prime-tier Seoul submarket with average asking rent around $30/sqft/yr.

TL;DR

  • Average asking rent: $30/sqft/yr.
  • Tier: prime.
  • 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 prime tier.

Where rent sits

Magok averages around $30/sqft/yr for Class A, against a citywide Class A index of 142000. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Western R&D and life-sciences district. R&D, life sciences, biotech, advanced manufacturing HQs.

Key facts

citySeoul
submarketMagok
tierprime
averageRentLocal$30/sqft/yr
cityClassARentUsd$34/sqft/yr
cityVacancyPct5.2%

Frequently asked questions

What is the average Class A rent in Magok, Seoul?
Around $30/sqft/yr. 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.

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