{
  "url": "https://classa.info/cities/seoul/rents-and-incentives",
  "title": "Seoul Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Seoul.",
  "oneSentenceAnswer": "Headline Class A rent in Seoul is around ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD, with 6 months of typical rent-free on a 5-year term.",
  "tldr": [
    "Headline Class A rent: ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD.",
    "Trophy submarket rents (Jongno / Gwanghwamun (CBD)) push to roughly ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD.",
    "Typical concessions on a 5-year deal: 6 months free rent.",
    "Vacancy stands at 5.2% — market trend is rising.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "keyFacts": {
    "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%",
    "trophyRent": "₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD",
    "primeRent": "$35/sqft/yr"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Seoul?",
      "answer": "Around ₩142,000/pyeong/mo · ≈ $34.5 PSF/yr USD across the broader Class A index. Trophy submarkets like Jongno / Gwanghwamun (CBD) command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Seoul?",
      "answer": "6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Seoul?",
      "answer": "The Seoul Class A market is currently rising. Vacancy is 5.2%, which sets the negotiating context."
    }
  ],
  "pageType": "city-topic",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/seoul/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}