The Korea Herald

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[Photo News] Number of vacant office buildings soars

By Korea Herald

Published : April 27, 2016 - 17:11

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LEASE FEE DISCOUNT -- Two women walk past a building in Gangnam, southern Seoul, which is publicizing a 20 percent discount on the rental fees of offices, on Wednesday. The government said the average vacant ratio of office buildings in Seoul soared to 10.1 percent in the first quarter of this year due to the increased supply of offices and the protracted, sluggish real estate market. (Yonhap) LEASE FEE DISCOUNT -- Two women walk past a building in Gangnam, southern Seoul, which is publicizing a 20 percent discount on the rental fees of offices, on Wednesday. The government said the average vacant ratio of office buildings in Seoul soared to 10.1 percent in the first quarter of this year due to the increased supply of offices and the protracted, sluggish real estate market. (Yonhap)