Average jeonse price for offices South Korea 2023, by region
As of April 2023, Seoul had the highest per unit jeonse price for office spaces with an average of around 6.22 million South Korean won. This was approximately 1.7 million won higher than the nationwide average. Jeonse is a unique housing leasing system in South Korea where a large sum is paid upfront to the landlord for an agreed rental period usually lasting two years. The deposit is returned to the tenants at the end of this contract.