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Korea: Is it tenants’ market or landlords’ nightmare?

Posted on 18 November 2011

It is a great time to shop for a glitzy new office at a bargain, and tenants are certainly taking advantage. Newly-finished and semi-complete office towers in Seoul’s business districts are changing not only the capitals’ skylines but also the rent price level _ downward.

Landlords behind these glass-walled temples may be big-name asset management companies or real estate developers, but they are forced to throw unprecedented perks at prospective tenants to lock in deals…………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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