Pangyo Techno Valley is a prime-tier Seoul submarket with average asking rent around $36/sqft/yr.

  • Average asking rent: $36/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.

Pangyo Techno Valley, Seoul office rents and availability

Pangyo Techno Valley is a prime-tier Seoul submarket with average asking rent around $36/sqft/yr.

TL;DR

  • Average asking rent: $36/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

Pangyo Techno Valley averages around $36/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

Korea's principal tech HQ campus south of the city. Gaming, internet platforms, AI, software, semiconductors.

Key facts

citySeoul
submarketPangyo Techno Valley
tierprime
averageRentLocal$36/sqft/yr
cityClassARentUsd$34/sqft/yr
cityVacancyPct5.2%

Frequently asked questions

What is the average Class A rent in Pangyo Techno Valley, Seoul?
Around $36/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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