Pangyo key office 3vacancy emerges in square meters, SK, Kakao and others expand relocations
In recent 1~2months, about 3square meters of vacancy have emerged in key Pangyo offices. From last 12month through this year’s 5month, the number of companies that moved their headquarters within the Pangyo area was 241firms, and 40% of them are IT companies such as software and games.
In key Pangyo offices, about 1~2months have recently seen 3square meters of vacancies. For investors, it is an event that could affect local commercial districts and related stocks as office demand shifts.
According to corporate registration data, the number of companies that changed their head office address within the Pangyo area from last 12month to this year’s 5month was counted at 241firms.
Of the companies that left Pangyo, 40% are IT companies such as software and games, and 47% are startups that have been established for less than 5years.
The largest previous case was SK Bioscience. The company2025in9sold its Bundang headquarters, 'Ecohub,' to an affiliate for506hundred million won.
SK Bioscience2026in5moved its headquarters and576employees to Songdo, Incheon.
Kakao is reported to be considering additional office leases in central Seoul areas such as Seongsu and Gangnam instead of Pangyo, due to high rents and scalability issues.
An official in the commercial real estate industry said, 'Until now, key offices near Pangyo Station were effectively areas with no vacancies, but in the past1to2months, vacancies of about3square meters have emerged, and there is a possibility that additional vacancies will continue in the future.'
Sources: 뉴시스 경제
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