Table of Contents
Jeonju is the center of Jeollabuk-do, and is an attractive city where administration, culture, education, and tourism come together. As the demand for small housing has steadily increased in recent years, the Jeonju Office market has also been attracting attention.
In particular, due to the increase in single-person households, demand from college students and civil servants, and the increase in preference for settling in local areas, OP is positioned as the optimal housing type that can combine actual residence and rental.
1. Why officetels are attracting attention in Jeonju
First, the increase in single-person households and the young generation. The Deokjin-gu area, where major universities such as Jeonbuk National University and Jeonju University are located, has high rental demand from students and young workers. They prefer independent spaces while looking for housing that is easy to manage, so demand naturally flows to OP.
Second, demand is also high in areas with a high concentration of public institutions and hospitals. Hyoja-dong, Seosin-dong, and Junghwasan-dong in Wansan-gu are areas where Jeonju City Hall, Jeonju District Court, and large hospitals are densely located, and are often chosen as residences by professionals and civil servants. They also tend to prefer officetels that allow for convenient and independent living.
Third, the growth potential of the innovation city cannot be overlooked. Many public institutions, such as the Rural Development Administration and the Korea Land and Geospatial Informatix Corporation, are located in Jeonbuk Innovation City, and new 구미 오피 complexes are being steadily created around this area.
2. Officetel price range and profitability
As of 2025, the price of officetels in Jeonju is showing the following trends depending on the region and location conditions.
Newly built officetel (exclusive 20~30㎡)
Selling price: 130 million won ~ 200 million won
Monthly rent: Deposit 5 million won ~ 10 million won / Monthly rent 450,000 won ~ 600,000 won
Medium-sized or old buildings over 10 years old
Selling price: 80 million won ~ 120 million won
Monthly rent: Deposit 3 million won ~ 7 million won / Monthly rent 300,000 won ~ 450,000 won
The average annual yield is 4.5% ~ 5.5%, so you can expect much higher returns than bank deposits. In particular, officetels near universities, KTX Jeonju Station, and the center of innovation cities have low vacancy rates and steady rental demand, making them a stable investment.
3. Advantages from the perspective of actual residence
Jeonju Office has great advantages not only as an investment but also as an actual residence.
Security and ease of management: Many have 24-hour management systems and CCTVs installed, providing a safe living space for single-person households.
Accessibility to urban living: The appeal is that it is easy to access work, school, and cultural facilities, allowing for living without a car.
Reasonable size and design: Many products include structures suitable for 1-2 people, storage, and appliance options, allowing for immediate movement.
Due to these characteristics, officetels are also a popular choice for newlyweds and elderly single-person households.
4. Government policies and future prospects
The government is implementing various policies to promote local settlement and stabilize housing. Jeonju City is implementing policies such as housing support projects for young people and newlyweds, expansion of customized rental housing for the elderly, and expansion of housing supply, and these movements are also having a positive effect on the small housing market.
In addition, as the Jeonbuk Mega City plan is in full swing along with nearby Iksan and Gunsan, infrastructure development centered around Jeonju is accelerating. Accordingly, transportation accessibility and living convenience facilities are expected to improve further, which is a positive sign for the officetel market.
5. Jeonju Office Investment Strategy
When investing in officetels, you should consider the following factors to obtain stable profits.
Securing properties centered on university districts: There is steady rental demand near Jeonbuk National University and Jeonju University, so there is less concern about vacancies.
Preemptive strategy focusing on new construction: It is advantageous in terms of future value increase and management convenience.
Checking the location centered on the transportation network: The area near Jeonju Station, Innovation City, and intercity bus terminals satisfies both commuting demand and convenience of movement.
Checking the full-option structure: Structures that include appliances and furniture are highly competitive when converted to rental.
Checking the level of management fees: Excessively high management fees can increase the vacancy rate, so caution is required.
Conclusion:
Jeonju Office, a practical real estate
The Jeonju officetel market has three strengths: stable rental demand based on actual demand, low entry barriers, and expectations of future value increase. Compared to the metropolitan area, the price burden is lower, so it can be an attractive option for those who want to enter real estate investment with a small amount.
In particular, 2025 is a time when Jeonju’s residential infrastructure will be further expanded, and it is evaluated as the optimal time for officetel investment. If you are considering both actual residence and investment, now is the time to seize the opportunity.