Jones Lang Lasalle

Dr. Megan Walters

Real Value In A Changing World

JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. 

At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics. 

Thematic (Sector/Industry)

South korea Real estate / Thematic (Sector/Industry)

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/062/742/original/Blog_29Aug2018.JPG?1536044702" class="editor-image img-responsive" data-smartkarma-image-id="62742"></figure><p>By <a href="http://www.jllapsites.com/research/author/leo-nam/" target="_blank">Leo Nam</a> / <a href="http://www.jllapsites.com/research/sectors/office/" target="_blank">Office</a> / <a href="http://www.jllapsites.com/research/geographies/korea/" target="_blank">Korea</a></p><p>“Gangnam real estate never dies” is a popular phrase in Korea and is still proving to be true. The Gangnam office market, enjoys the lowest vacancy rate and the strongest rental growth out of the three major core business districts in Seoul. The district’s historical rationale supports current status of Gangnam office market: series of government initiatives to diversify the population from north of Seoul, and number of tech-related amenities have attracted global IT companies and domestic conglomerates into the district.</p>

By Leo Nam / Office / Korea“Gangnam real estate never dies” is a popular phrase in Korea and is still proving to be true. The Gangnam office market, enjoys the lowest vacancy rate and the strongest rental growth out of the three major core business districts in Seoul. The district’s historical rationale supports current status of Gangnam office market: series of government initiatives to diversify the population from north of Seoul, and number of tech-related amenities have attracted global IT companies and domestic conglomerates into the district.

How Gangnam in Seoul Became the Most Popular Market in Korea