Real estate knowledge: Current status of four major office commercial districts

An office commercial district refers to a commercial district in which offices are concentrated in a specific area. This commercial district is an area with a small settled population and a large floating population, and is mainly dependent on the consumption of office workers.
Therefore, office commercial districts have a large discrepancy between weekday sales and weekend sales, but because they have a very large floating population and the main consumers are office workers, they are commercial districts focused on catering businesses such as restaurants, coffee shops, etc. that suit their tastes, and are the most preferred by domestic franchise brand companies when opening stores. It is also a region.

The four major office commercial districts in Seoul are the CBD (Central Business District) in the downtown area located in Jongno-gu and Jung-gu, the GBD (Gangnam Business District) in the Gangnam area located in Gangnam-gu and Seocho-gu, and the YBD (Yeouido Business District) in the Yeouido area of Yeongdeungpo-gu. Although it is not Seoul, it can be classified as BBD (Bundang Business District) in the Bundang area, located in Seongnam-si's Techno Valley.

CBD is the downtown Seoul area around Myeong-dong, City Hall, Gwanghwamun, Jongno, and Eulji-ro, and is the largest office commercial district in Korea where 48%, a prime Seoul office building, is located. This area is home to the headquarters of large corporations, commercial bank headquarters, media outlets, and government agencies such as city hall, the Ministry of Foreign Affairs, and embassies. GBD is the Gangnam-gu and Seocho-gu areas. This area has developed public transportation infrastructure such as subways and metropolitan buses, making it an optimal place for office workers in the Seoul metropolitan area to commute to work, so many small and medium-sized companies are located there. YBD refers to the Yeouido area centered on Yeoui-daero, Yeongdeungpo-gu. It is a central financial area in Korea that plays the same role as Manhattan in the United States, with the National Assembly building, the Export-Import Bank, the Korea Development Bank, banks, securities companies, and financial industry companies concentrated. YBD refers to the Yeouido area centered on Yeoui-daero, Yeongdeungpo-gu. It is a central financial area in Korea that plays the same role as Manhattan in the United States, with the National Assembly building, the Export-Import Bank, the Korea Development Bank, banks, securities companies, and financial industry companies concentrated.

Location in real estate is one of the most important considerations.

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