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Commercial Property Vacancy Rate Inches Up amid COVID-19 Shock

Commercial Property Vacancy Rate Inches Up amid COVID-19 Shock

SEOUL, April 29 (Korea Bizwire) — With the prolonged COVID-19 outbreak resulting in restrictions on socializing, South Korea’s commercial property vacancy rate continues to rise. The vacancy rate of mid and large-sized commercial properties across the country averaged 13 percent in the first quarter of this year, up 0.6 percentage points from the previous quarter, [...]