Newmark's 1Q 2026 Korea Office Report Shows Market Stability as Redevelopment Drives Leasing Shifts and New Demand Emerges
Newmark Group, Inc. - Class A (NMRK)
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Source: PR Newswire
SEOUL, Korea, April 17, 2026 /PRNewswire/ -- Newmark announces the release of its 1Q26 Korea Office Leasing Conditions & Trends report, highlighting stable market fundamentals, evolving demand drivers and continuing rental growth across Seoul's office market. Vacancy held at 3.8% quarter-over-quarter in 1Q26, and rents continued to trend upward, rising approximately 5% year-over-year, supported by sustained demand for high-quality office space and ongoing flight to quality."Seoul's office market continues to demonstrate underlying stability, even as office leasing activity becomes more dynamic," said Judy Jang, Executive Director, Head of Research – Korea. "We are seeing a reallocation driven by redevelopment, evolving occupier needs and a growing presence of technology and consumer-led companies. This is contributing to a more diversified tenant base and reinforcing the premium placed on high-quality assets."Key themes from the report include:Redevelopment-driven relocations reshapin
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NMRK
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- 2/26/26 - Beat
NMRK
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- 3/27/26 - Form SCHEDULE
- 3/16/26 - Form 4
- 3/16/26 - Form 4
- NMRK's page on the SEC website