Al Square is officially entering retail brokerage by securing a database of over 16,000 neighborhood living facilities and sales facilities.
[Asia Economy Reporter Tae-min Ryu] RSquare, a total platform for commercial real estate, is officially entering the retail brokerage business.
On the 26th, RSquare announced that it has secured a database (DB) of over 16,000 neighborhood living and retail facilities in key commercial districts of Seoul, including Gangnam Station, Cheongdam (Apgujeong, Rodeo, Dosan Park), Sinsa (Garosugil), Hongdae (Hapjeong, Sangsu, Yeonnam), and Seongsu, and is intensifying its retail brokerage business.
RSquare applied the verified data acquisition and management methods from the office real estate sector to the retail market. The newly built retail DB includes all essential information needed by tenants, such as building details like floor area and ceiling height, basic information like lease terms, landlord-related information, store history, kitchen type, and proximity to main roads or crosswalks.
An RSquare official explained, "Previously, to find a desired store location, one had to 'walk around' by looking at some listings held by licensed real estate agents to select candidates. Now, through RSquare, it is possible to easily, quickly, and accurately search for stores by region according to detailed conditions secured."
RSquare conducted facility and landlord surveys for high-demand commercial properties such as clinics and food & beverage (F&B) franchises.
They plan to expand the survey targets to include car showrooms, large fashion brand flagship stores, and grocery retail stores. Additionally, they intend to broaden the scope of information provision beyond Seoul to major metropolitan commercial districts in Gyeonggi-do’s Pangyo and Bundang, as well as six other metropolitan cities.
An RSquare retail official emphasized, "Building on our success in the office real estate market, we are accelerating the expansion of the retail brokerage market. We will resolve market information opacity in the retail brokerage sector and maximize satisfaction for both landlords and tenants."
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