Avison Young In Seoul

Avison Young is a global real estate advisor built to create real economic, social, and environmental value, powered by – and for, people. We believe there is a vital role for our sector in creating healthy, productive workplaces for employees; cities that are centres of prosperity for its citizens and; built spaces and places that create a net benefit to the economy, the environment and the community. Our people organize around our clients’ opportunities and work as colleagues to focus on their success.

Avison Young began operations in Seoul, South Korea on November 1, 2018 with 63 professionals, including brokerage and other service specialists, who joined Avison Young from Mate Plus Advisors Co. Ltd., a Seoul, South Korea-based commercial real estate firm. The Seoul office represents Avison Young’s first office in Asia.

The World Bank’s latest rankings list South Korea fourth globally for ease of doing business. Seoul’s commercial real estate market features vibrant office, retail, industrial, multi-family and investment real estate sectors. However, the city is also known for its high levels of alternative assets, including data centres, self-storage facilities, student accommodation, education-related buildings and healthcare and senior-care properties.

Avison Young’s South Korea team offers a full range of commercial real estate services including capital markets and investments, retail, tenant representation, project management, consulting and research, and valuation. Our professionals provide clients with a one-stop shop for real estate services as well as the most intelligent solutions, backed by deep industry expertise, local market knowledge and Avison Young’s global network.

Services

• Capital Markets
• Tenant Representation
• Retail
• Project Management
• Consulting
• Research
• Valuation & Advisory

Area Overview

Seoul, the capital of South Korea, is located on the Han River and serves as the main gateway and logistics hub for Northeast Asia. With a population of approximately 10 million, Seoul ranks among the world’s most dynamic marketplaces. The region is home to many manufacturing sectors, including steel, electronics, automobiles and auto parts, textiles and footwear, chemicals and pharmaceuticals. Other sectors with a strong presence include information and communications technology, financial technology, fashion and construction. International trade also plays a key role in the city’s economy, thanks to South Korea’s status as one of the world’s top exporters. The city’s workforce benefits from low local (5%) and national (4%) unemployment rates (as of August 2018).