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South Korea Faces Retail Real Estate Crunch as Vacancies Surge in Urban Districts
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South Korea Faces Retail Real Estate Crunch as Vacancies Surge in Urban Districts
South Korea is witnessing a sharp and sustained increase in retail property vacancies, not only in traditional shopping districts but also within newly developed residential complexes. Once considered reliable anchors of neighborhood commerce, first-floor storefronts in apartment buildings now stand empty at unprecedented rates. Even high-traffic commercial corridors in major cities are showing signs of structural fatigue.According to Q1 2025 da…
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