A property with an appraised value of 100 million won is now selling for 6 million won... The dow...
33 out of 40 are vacant... The commercial district around Gwangmyeong Station is in a state of total ruin
• 40곳 중 33곳이 공실…그야말로 쫄딱 망한 광명역세권 상권
The lowest competition rate in 31 years... Noryangjin collapses as civil service exam takers leave
• 31년 만에 최저 경쟁률…공시생 떠나자 폭삭 망한 노량진
The sad reason why a high-income earner who studied hard ends up losing his commercial investment
• 공부 엄청나게 한 고소득자가 상가 투자 폭망한 안타까운 이유
It's a popular area, so you'd think monthly rent of 350,000 would be easy, right? It's a total bust.
• 인기지역이니 월세 350 쉬울 것 같죠? 빼도 박도 못하고 폭망합니다
Rents double in 4 years... The secret cry of Seongsu-dong, a "hot spot"
• 4년 새 임대료 2배 폭등…'핫플' 성수동의 남모를 절규
90% vacancy due to the straw effect... Pangyo's Commercial District Struggles Under a Department Store Black Hole
• 빨대효과에 공실만 90%…'백화점 블랙홀'에 허우적대는 판교 상권
30 of 80 Garosu-gil Stores Vacant... Serosu-gil, with Rent Quadrupled, Also in Danger
• 가로수길 점포 80곳 중 30곳 공실...임대료 4배 뛴 세로수길도 위험
Even the Shopping Mall Right in Front of City Hall Has Been Empty for 5 Years... Sejong's Commercial District Looks Like a Ghost Never Walks
• 시청 코앞 상가도 5년째 텅텅…유령도 안 다닐 법한 세종 상권
30 People Passing in an Hour... Why Cheongna Canal Way Was Inevitably Doomed to Collapse
• 1시간 동안 오가는 사람 30명…청라 커넬웨이가 폭망할 수밖에 없던 이유
A 14-pyeong (approximately 460,000 sq ft) Commercial Unit Priced at 1.3 Billion Won?... The 'Gwanggyo Station Area' Is Doomed to Collapse
• 14평 상가 분양가 13억?…무너질 수밖에 없는 '광교역세권 상권'
25 of 35 Ground-Floor Stores Are Empty... The Idae District Has Been Crying Over a 7-Year Vacancy Bomb
• 1층 상가 35곳 중 25곳이 텅텅…7년째 공실 폭탄에 울부짖는 이대상권
"The Subway Is Coming": Units Sold for 100 Million Won Per Pyeong... Wirye Commercial District Has Been Empty for 10 Years
• "전철 옵니다" 평당 1억 분양했는데...10년째 텅텅 빈 위례 상가
A Vacancy Rate of 50%... Misa Station Commercial District, Which Was Selling for 65 Million Won Per Pyeong, Fell into Fate
• 공실률 무려 50%…'평당 6500만원' 기세등등 분양하다 폭망한 미사역 상...
48 of 56 Ground-Floor Commercial Spaces Are Vacant... Daejang-dong, the "Worst Bedtown" Without a Single Meat Restaurant
• 1층 상가 56곳 중 48곳이 공실…그 흔한 고깃집 하나 없는 '최악의 베드...
A Store Worth 150 Million Won Selling for 3.02 Million Won... Unimaginable Vacancy Bomb: The Worst Situation in Dongdaemun
• "장사 안돼 투잡, 쓰리잡 뛰어요"…상상초월 공실 폭탄, 최악의 동대문 상황
The Techno Mart shopping district in Gwangjin-gu, Seoul, once known as Korea's leading electronics shopping district and mobile phone mecca, is facing a dire situation. Even before the pandemic, tenants were reluctant to move in, despite the emergence of rent-free stores. Since the pandemic, foot traffic has further declined, leading to a surge in vacancies. More than 150 of the 392 stores on the 8th floor of the Techno Mart complex are vacant. Stores pay no rent, and management fees are around 250,000 won per space. Despite this, no tenants are interested. Except for the first floor, leased entirely by the fashion shopping mall Enter-Six, and the sixth floor, which sells mobile phones, the entire area is empty. Even stores selling mobile devices, once considered a mecca for mobile phones, have recently been experiencing a surge in vacancies.
The decline of Techno Mart is attributed to online shopping. While other products are significantly affected by online shopping, the impact on the electronics market has been devastating. Consumption patterns have shifted dramatically, with people now buying cheaper items simply by comparing prices online. Furthermore, with price competitiveness waning, the number of shoppers has plummeted.
Experts predict that the Techno Mart district will struggle to survive under the current system. A critical issue for themed shopping malls like Techno Mart, which specialize in a single industry, is their inability to quickly adapt to changing trends. While a struggling electronics business can easily be restructured, changing the industry in a shopping mall requires the consent of a majority of store owners. This is challenging due to the conflicting interests of the merchants, making such a change difficult. This is because each floor is divided into numerous stores, with hundreds of owners.
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