Seoul Office Market: Occupancy Characteristics and Their Impact on Market Stability at a Global Level
| dc.contributor.author | Ryu, Jongpil | |
| dc.date.accessioned | 2020-09-04T20:01:29Z | |
| dc.date.available | 2020-09-04T20:01:29Z | |
| dc.date.issued | 2018-05-04 | |
| dc.description.abstract | While other major cities in the global real estate market experienced a stiff downturn after the Global Financial Crisis in 2008, the Seoul office market remained very stable. Focusing on steady rent growth, this paper examines the characteristics of seventy-three office buildings in the city. The result shows three distinct features: (1) the office market, especially the manufacturing sector, is more diversified than that in other global cities, (2) the office space is chiefly occupied by local companies with a small number of foreign financial firms concentrated in the city center, and (3) Chaebols, the large family-based industrial conglomerates, constitute the most notable portion of major office buildings. | |
| dc.description.legacydownloads | 20_Article_Ryu.pdf: 225 downloads, before Aug. 1, 2020. | |
| dc.identifier.other | 12065208 | |
| dc.identifier.uri | https://hdl.handle.net/1813/70818 | |
| dc.language.iso | en_US | |
| dc.relation.ispartofseries | Cornell Real Estate Review | |
| dc.rights | Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved. | |
| dc.subject | Global Financial Crisis | |
| dc.subject | office buildings | |
| dc.subject | real estate investments | |
| dc.subject | global cities | |
| dc.subject | Yeouido Business District | |
| dc.subject | tenant analysis | |
| dc.subject | Chaebol | |
| dc.title | Seoul Office Market: Occupancy Characteristics and Their Impact on Market Stability at a Global Level | |
| dc.type | article | |
| local.authorAffiliation | Ryu, Jongpil: Cornell University | |
| schema.issueNumber | Vol. 16 |
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