In Jan., Seoul's office transaction market saw both volume and value decline from the previous month. Office building (general building) transaction value fell 76.1% month over month, and office (multi-unit building) transaction volume and value also dropped 42.0% and 60.6%, respectively, showing a subdued trend.
On the 23rd, commercial real estate comprehensive service corporations RealtyPlanet released its Jan. 2026 report on Seoul's office sales market trends, analyzed based on actual transaction price data from the Ministry of Land, Infrastructure and Transport.
According to the report, there were a total of seven office building sales transactions in Seoul in Jan., down 12.5% from the previous month (eight). Transaction value fell 76.1% from 621.3 billion won to 148.6 billion won. Compared with the same month a year earlier (two transactions · 91.0 billion won), transaction volume increased 250.0% and transaction value rose 63.3%.
With no transactions exceeding 100.0 billion won in sale price, "Myeonghwa Building (61.2 billion won)" in Sinsa-dong, Gangnam District, and "Maru Building (36.5 billion won)" in Nonhyeon-dong, Gangnam District, ranked first and second, respectively, by sale price.
By area, YBD (Yeongdeungpo District · Mapo District), where there were no transactions the previous month, recorded one transaction totaling 16.5 billion won. Transaction volume in GBD (Gangnam District · Seocho District) and other areas (ETC) was the same as the previous month at two and four transactions, respectively. GBD's transaction value decreased 41.4%, from 166.8 billion won to 97.7 billion won, while other areas (ETC) fell 91.4%, from 398.9 billion won to 34.4 billion won. In CBD (Jongno District · Jung District), where two transactions took place the previous month, no transactions occurred.
The office sales transaction market also weakened in the first month of the new year. Transaction volume totaled 80, down 42.0% from the previous month (138), and transaction value fell 60.6% from 138.9 billion won to 54.7 billion won. Compared with Jan. 2025 (86 transactions · 43.0 billion won), transaction volume decreased 7.0%, but transaction value increased 27.3%.
By area, sales transaction volume decreased month over month across all regions. YBD fell from 29 to nine, down 69.0%, the largest drop; CBD decreased from 12 to seven, down 41.7%; other areas (ETC) declined from 68 to 42, down 38.2%; and GBD fell from 29 to 22, down 24.1%, it was found.
In terms of sales transaction value, declines appeared across all areas except CBD. YBD posted the steepest drop, recording 2.9 billion won, down 93.4% from the previous month (43.6 billion won). Other areas (ETC) fell 72.7% from 41.2 billion won to 11.2 billion won, and GBD decreased 61.8% from 36.2 billion won to 13.9 billion won. CBD rose 50.0% from 17.8 billion won to 26.8 billion won, the only area where transaction value increased.
Of the seven office building transactions in Seoul in Jan., four were purchased by corporations. Among these, there were three corporate sellers and one individual seller. Of the remaining three, two were transactions between individuals and one was a transaction between public institutions. By transaction value, transactions between corporations accounted for 73.8 billion won, or 49.6% of the total, followed by transactions between an individual (seller) and a corporation (buyer) at 61.2 billion won (41.2%), transactions between public institutions at 10.9 billion won (7.3%), and transactions between individuals at 2.8 billion won (1.9%).
In the office sales market, in 43 of the 80 total transactions the buyers were individuals. Of these, 42 were transactions between individuals, and one was between another type and an individual. Of the 35 transactions purchased by corporations, 21 had individual sellers and 14 had corporate sellers. The remaining two were transactions in which individuals sold and another type purchased. Looking at transaction value shares by seller and buyer, transactions between corporations were highest at 37.6 billion won (68.7%), followed by transactions between individuals at 9.9 billion won (18.0%), transactions between individuals and corporations at 6.3 billion won (11.6%), transactions between individuals and another type at 600 million won (1.1%), and transactions between another type and individuals at 300 million won (0.5%).
RealtyPlanet's Jan. 2026 report on Seoul's office sales market trends, analyzed based on actual transaction price data from the Ministry of Land, Infrastructure and Transport (as of Mar. 1, 2026) and its own survey data, can be found in the Inside-Market Report section of the RealtyPlanet mobile app and official website.