Monthly rent of large-sized stores South Korea Q2 2024, by province

Published by
H. Yoo,
Sep 17, 2024

In the second quarter of 2024, the average rent for medium and large-sized retail stores in South Korea amounted to around 25,660 South Korean won per square meter. The average rent was highest in Seoul at around 53,000 won per square meter while it was lowest in Jeonnam at around 11,460 won per square meter.

Average monthly rental price for medium and large-sized retail stores in South Korea as of 2nd quarter 2024, by province (in 1,000 South Korean won per square meter)

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Release date

September 2024

Region

South Korea

Survey time period

Q2 2024

Special properties

monthly rent for the first floor

Supplementary notes

1,000 South Korean won equals 0.75 U.S. dollars or 0.67 euros as of September 2024. 

Figures have been rounded.

Medium and large-sized retail stores refer to commercial buildings with three or more stories and a gross floor area of more than 330 square meters.

The source did not provide a date of publication. The release date used here is the access date.  

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