# Seoul Class A office rents and incentives

> 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.

**Canonical URL:** https://classa.info/cities/seoul/rents-and-incentives
**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
- 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.

## 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%
- **trophyRent**: ₩130,000/pyeong/mo · ≈ $31.6 PSF/yr USD
- **primeRent**: $35/sqft/yr

## FAQ
### What is the average Class A rent in Seoul?
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.

### How many months of rent-free are normal in Seoul?
6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Seoul?
The Seoul Class A market is currently rising. Vacancy is 5.2%, which sets the negotiating context.

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