Same Exclusive Area, Different Opinions. Working in the field, there is something you encounter repeatedly. It is the fact that even when showing offices with identical conditions, tenants' reactions vary every time. For example, regarding several offices with the same condition of an exclusive area of 165.29㎡ (approximately 50 pyeong)...
Nevertheless, what makes the alleys that survive different? In Search of Surviving Alleys. In the article from the last April issue, we examined the formula for the rise and fall of Seoul's alley commercial districts through Garosu-gil and Gyeongnidan-gil. Unique small business owners, attracted by low rents, create the charm of the alleys, and that charm…
How Commercial Districts Are Born and Die: Entering the Alleys of Mugyo-dong. In the alleys of Mugyo-dong and Dadong that I pass through every day on my way to work, two times flow. Between the modern and state-of-the-art prime offices and the alleys beneath their shadows, a building that opened in 1956…
Unlike the residential market, the commercial real estate (office, retail) leasing market has its own unique terminology and practices. In particular, the terms "fit-out" and "rent-free" frequently appear during rent negotiations, and the method of calculating costs by integrating them...
The survival formula for commercial real estate, as demonstrated by Euljiro and Seongsu-dong. The shadow of skyscrapers and the nightlife of Euljiro. The Seoul Central Business District (CBD), where Remax Meister, where I work, is located, is the front line of South Korean capital. Outside, state-of-the-art air conditioning systems and impeccable security…
'Winter is coming.' This is a famous line and episode title from the American drama 'Game of Thrones' that gained worldwide popularity a few years ago. It seems like only yesterday that I took out my thick winter coat while thinking of this phrase, but now...
Myeongdong, a central commercial district that has continued since the Japanese colonial period, was the main residential area for Japanese people during the Japanese colonial period. Director Im Kwon-taek's 1990 film <The General's Son>, set in the Myeongdong and Jongno areas, was a commercial and cultural area at the time.
. It literally means 'digging out a large portion of the ground,' but it refers to the Boston Deep Underground Tunnel, which was completed in 2007, and this project. It usually runs from Boston's Logan International Airport to the tunnel section that passes under Boston's main strait and the downtown underground. doing…
Mugyo-dong and Dadong are areas that can be said to be the origins of ‘food alleys’ in Korea. This commercial district, which has been around for a long time and is not occupied by franchises or a mixture of them in every major commercial district, but by long-established stores armed with their own expertise, is included in the Michelin list every year...
