Monthly rent of large-sized stores South Korea Q4 2024, by province

Published by
H. Yoo,
Feb 24, 2025

In the fourth quarter of 2024, the average rent for medium and large-sized retail stores in South Korea amounted to around 26,500 South Korean won per square meter. The average rent was highest in Seoul at around 54,950 won per square meter while it was lowest in Jeonnam at around 12,780 won per square meter.

Average monthly rental price for medium and large-sized retail stores in South Korea as of 4th quarter 2024, by province (in 1,000 South Korean won per square meter)

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Release date

February 2025

Region

South Korea

Survey time period

Q4 2024

Special properties

monthly rent for the first floor

Supplementary notes

1,000 South Korean won equals 0.68 U.S. dollars or 0.67 euros as of February 2025. 

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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