Despite the addition of several new Grade A buildings in Q4 2020, strong leasing demand provided support to average effective rents.



Retail operations were negatively impacted during the Christmas period due to the introduction of restrictions to contain a resurgence in COVID-19 infections.



Rents increased by 1.2% in H2 2020 compared to H1 amid solid leasing demand and the addition of new supply with higher asking rents.



Investment volume reached KRW 5.37 trillion in Q4 2020, bringing the full-year total to KRW 17.5 trillion, a record high.