✉news BusinessRetail first seen 4 h ago, last 4 h ago, peak #35
South Korea Retail Vacancy Rate Hits Five-Year High of 13.36%
Original: South Korea's Retail Vacancy Rate Hits 13.36%, Highest in Five Years—Only Ulsan Improves
South Korea's retail vacancy rate has climbed to 13.36%, the highest level in five years, signaling deepening weakness in the country's commercial real estate and brick-and-mortar retail sector. Among major cities and regions, only Ulsan recorded an improvement in vacancy, underscoring how widespread the empty storefront problem has become elsewhere.
Why now: Concerns are growing over the health of South Korea's retail sector and commercial property market as vacancies reach their worst level in five years.
Evidence
- South Korea's Retail Vacancy Rate Hits 13.36%, Highest in Five Years—Only Ulsan Improves · finance.biggo.com
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