RSQUARE

What RSQUARE does

RSQUARE Inc. is a Seoul-headquartered commercial real estate comprehensive service company that delivers the full CRE lifecycle — office, logistics, and retail leasing brokerage; acquisition and disposition advisory; property and lease management; interior design; and architecture — through wholly-owned subsidiaries including RSQUARE Vietnam and RSQUARE DESIGN. Its customer base spans Korean enterprises and multinationals, with a particularly active book in e-commerce/logistics (Coupang, FedEx, Kurly), manufacturing (DYFLON Vina, MST), technology and gaming (LINE GAMES, Glohow, Ohouse), financial institutions (Shinhan Bank Vietnam, Koramco Asset Trust), and government agencies (NIPA).

The company's technology stack is anchored by two proprietary data assets: the RTB (Real-Time Building) database covering up to 300,000 domestic and international office and commercial buildings, and RSQUARE Analytics (RA), which integrates CRE data with financial, registration, and disclosure records on approximately 2.5 million companies and presents results through a spatial map interface. RSQUARE Vietnam maintains a separate 55,000+ property database. Adjacent products include RSQUARE DataHub (market reports), the HomeDot ERP residential management platform (with TaxWiz and R.FMS modules), and R.Find (office brokerage tooling). RSQUARE DESIGN, established in 2016, ranks fourth in Korea's interior construction industry by 2022 with a sustained 4.93/5 customer satisfaction score.

The revenue model is a hybrid of transaction commissions (leasing, acquisition), managed services (property management, lease management), professional services (interior design, architecture), and subscription/recurring streams (RA, HomeDot ERP). Pricing is quote-based and not publicly disclosed; enterprise contracts can run multi-year, and managed-service contracts typically renew annually. Go-to-market is enterprise field sales targeting Korean corporates and Korean/multinational firms expanding into Vietnam. The company has raised approximately $95 million in total funding, including a $72 million Series C from STIC Investments in November 2021, and is pursuing Southeast Asia expansion (Vietnam operational; Singapore and Indonesia planned).

Name

RSQUARE

Legal name

RSQUARE Inc.

Website

https://rsquare.co.kr

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Short description

RSQUARE is a Seoul-based commercial real estate comprehensive service company offering one-stop office, logistics, and retail leasing, acquisition advisory, property management, interior design, and data analytics, serving Korean enterprises and multinationals expanding domestically and into Southeast Asia, notably Vietnam.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Computer Programming, Data Processing, Etc. (7370), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Data, Analytics & AI Consulting (BPAHAEAF)

Keywords

• Commercial real estate services
• Office leasing brokerage
• Property management services
• Real estate data analytics
• Interior design services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Office and Commercial Leasing Commission: Commission-based revenue from brokering office, logistics, and retail leasing transactions. Services include tenant representation and landlord listing representation.
2. Acquisition and Disposition Advisory: Investment advisory and brokerage services for buying and selling commercial properties, including corporate asset consulting.
3. Property Management Services: Ongoing property management services for building owners, maximizing rental income and minimizing operational costs.
4. Interior Design and Construction: Office interior design, architecture, and remodeling services through RSQUARE DESIGN subsidiary. Includes pre-construction consulting and full project execution.
5. Data Analytics Subscription: Subscription-based access to RSQUARE Analytics platform providing market data, analytics, and research reports on commercial real estate.
6. HomeDot ERP Subscription: Subscription-based apartment and multi-family building ERP solution with costs calculated based on number of units in each complex. Includes TaxWiz and R.FMS services.
7. Integrated Solutions Partnership: Joint services with Samsung Electronics providing integrated real estate and technology solutions to companies entering Vietnam.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

RSQUARE provides end-to-end commercial real estate services spanning office, logistics and retail leasing; acquisition and disposition advisory; corporate asset consulting; property and lease management; and interior design and architecture. These services are supported by proprietary data and analytics platforms (RSQUARE Analytics, RTB, DataHub, HomeDot ERP) built on a database of 300,000+ buildings and 2.5 million companies, enabling data-backed advisory for corporate occupiers, investors, and asset managers across Korea and Vietnam.

Product overview

RSQUARE is a commercial real estate comprehensive service company offering a platform-plus-modules architecture. The core portfolio includes property services (office leasing, logistics center leasing, retail leasing, acquisition/disposition, property management, lease management), design services (interior design, architecture), and data solutions (RSQUARE Analytics/RA, RSQUARE DataHub). The company also provides residential ERP through HomeDot ERP with TaxWiz and R.FMS modules. RSQUARE Vietnam extends services to Southeast Asia with a database of over 55,000 commercial properties. Key proprietary data assets include RTB (300,000 buildings) and R.A analytics platform. RSQUARE DESIGN, established in 2016, provides interior and architecture services and ranked 4th in Korea's interior construction industry by 2022.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Leasing

Quantifiable outcome

• 53 billion KRW revenue for Architecture Division in one year
• +5 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered major, core and supporting.

• Kinh Bac City Development Holding CorporationmajorStrategic or Co-development Partner · 1 April 2026MOU signed to lower information barriers and accelerate Korea-Vietnam investment connectivity. Delivers turnkey solutions for companies entering Vietnam.
• Korea Real Estate BoardmajorStrategic or Co-development Partner · 1 August 2024Participation in '2024 Real Estate Big Data Platform and Center Development Project'. RSQUARE provides data on commercial real estate supply, rent, vacancy rates, and transaction data to support national data platform.
• Samsung ElectronicscoreStrategic or Co-development Partner · 1 June 2024Partnership agreement to provide integrated solutions in Vietnam. Samsung provides SmartThings and B2B AI solutions (b.IoT) for office and manufacturing environments while RSQUARE offers space planning and real estate consulting. Joint services enable companies entering Vietnam to access one-stop solutions.
• KNLsupportingStrategic or Co-development Partner · 1 January 2024Legal and tax service firm partnership providing comprehensive services to clients in Vietnam.
• KONET EXPRESSsupportingStrategic or Co-development Partner · 1 January 2024Logistics solutions provider partnership offering comprehensive one-stop services to clients.
• HOWBUILDsupportingTechnology or Integration · 1 January 2024Construction Project Management Platform partnership for integrated project delivery.
• Koramco Asset TrustmajorStrategic or Co-development Partner · 1 January 2024Exclusive LM (Lease Management) consulting contract for four logistics properties. Relationship established after FedEx Gimpo center deal.
• Samsung ElectronicscoreStrategic or Co-development Partner · 1 January 2023Partnership to provide integrated solutions in Vietnam market, combining RSQUARE's real estate expertise with Samsung's technology solutions.
• Shinhan Bank VietnamcoreStrategic or Co-development Partner · 1 January 2022Partnership since 2022 offering one-stop real estate and financial services to companies entering Vietnam, resulting in over 20 successful partnerships.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• CBRE Group: Global commercial real estate services leader offering brokerage, property management, valuation, and investment advisory across all major Asian markets including Korea and Vietnam. Directly comparable to RSQUARE's full-service CRE model, though at much larger scale and broader geographic reach.
• JLL (Jones Lang LaSalle): Worldwide commercial real estate services and investment management firm with established Korea and Vietnam operations. Offers overlapping services in office leasing, logistics, capital markets, and workplace design that mirror RSQUARE's core service lines.
• Cushman & Wakefield: Global CRE services firm with Asia Pacific presence covering brokerage, valuation, asset services, and project management. Comparable to RSQUARE in serving cross-border occupiers and investors expanding in Asian markets.
• Colliers International: Global professional services and investment management company specializing in commercial real estate. Competes with RSQUARE in office, industrial/logistics, and investment advisory services across Korea and Southeast Asia.
• Savills: Global real estate services provider with strong Asia Pacific footprint, particularly in Vietnam. Directly comparable service portfolio including commercial leasing, investment advisory, and property management for cross-border clients.
• Knight Frank: Global real estate consultancy with established Asia Pacific operations in commercial leasing, investment, and asset management. Comparable to RSQUARE's enterprise-focused brokerage and advisory services for cross-border clients.
• Newmark Group: Full-service commercial real estate advisory firm offering leasing, investment sales, and data analytics. Comparable to RSQUARE in transaction-focused brokerage and growing data/proptech capabilities.

Direct peers

• CoStar Group: Leading provider of commercial real estate data, analytics, and online marketplaces. Directly comparable to RSQUARE's RSQUARE Analytics platform and RTB database strategy, though CoStar is far larger and primarily US-focused.

Regional players

• ESR Group: Asia-Pacific focused logistics and industrial real estate platform with significant Korea and Vietnam presence. Directly comparable to RSQUARE's logistics center leasing business and major customer relationships with e-commerce tenants like Coupang.

Emerging players

• CompStak: CRE data and analytics platform aggregating lease and sales comparables. Comparable technology positioning to RSQUARE Analytics, though focused exclusively on data rather than bundled brokerage services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/realestatesquare

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RSQUARE