CBRE Leads Korea Commercial Real Estate Investment Sales Activity in 2023

CBRE Holds Top Spot Globally and in Asia Pacific Across Major Property Types

March 18, 2024 (Seoul) – CBRE, a global commercial real estate services company, was the top-ranked firm for commercial real estate investment sales in Korea, Asia Pacific and globally during 2023, according to MSCI Real Assets. This marks the 13th consecutive year that CBRE has claimed the top spot globally, and the 5th consecutive year in Korea.

CBRE held the top position across all major asset types in Korea in 2023, including office (32%), logistics (44%) and retail (50%). MSCI Real Assets credited CBRE with a market share of 36% across all property types in Korea in 2023—significantly higher than the number two firm. Particularly noteworthy is CBRE's achievement in the sale of development site, capturing 97% market share.

Sean Choi, Head of Capital Markets, Executive Director at CBRE Korea, commented, "As the unequivocal leader in Korea, CBRE is leveraging our domestic and global networks to create new customer experiences and values. We are dedicated to continually providing top-tier advisory services incorporating new investment and development advisory services designed to increase client asset values based on our proven expertise and extensive experience."

CBRE maintained its number one position globally with a market share of 24% and ranked first in Asia Pacific with a 33% market share. In Asia Pacific, CBRE achieved the top ranking in countries including Australia, Japan, India, Vietnam, and Malaysia.

“These results underscore the unwavering trust that clients have in our Capital Markets teams,” said Greg Hyland, Head of Capital Markets, Asia Pacific for CBRE. “By leveraging our world class market intelligence, we will continue to stay ahead of market trends and to provide integrated solutions that align with our clients’ investment goals in the dynamic market landscape.”