AlSquare Selected for 2 Consecutive Years as 'High-Growth Company in Asia-Pacific' by FT and Statista

Growth of More Than Fourfold from 2018 to 2022

Commercial real estate data company RSquare has been selected for two consecutive years as one of the 'Asia-Pacific High-Growth Companies' by the global media Financial Times (FT) and the global market research firm Statista.

FT and Statista announced on the 15th (local time) the top 500 fastest-growing companies in the Asia-Pacific region from 2018 to 2021. According to the announcement, RSquare recorded a 143.1% increase in sales from $34.5 million in 2018 to $85 million in 2021.

RSquare's growth over the past four years has been steep. Last year, RSquare posted sales of 185 billion KRW ($141.44 million). Compared to 2018, this represents a 362.7% growth in Korean won terms.

Although the business environment this year is uncertain due to high interest rates, a sluggish investment market, and economic slowdown, RSquare continues to grow by strengthening both its existing and new businesses. In particular, it is focusing on new businesses such as investment advisory handling large asset transactions, acquisition and sales advisory for small and medium-sized assets, and data analytics providing insights based on 300,000 domestic and international office and commercial building data.

RSquare is also preparing to launch a solution that visualizes commercial real estate market information. Based on directly surveyed data of office buildings, logistics centers, and other office and commercial facilities, it will provide comprehensive information including building specifications, supply, leasing, sales, transaction cases, regional trends, tenant status, vacancy rates, and cap rates (return on investment). In the future, assets such as retail and knowledge industry centers will be added.

The '2023 Asia-Pacific High-Growth Companies' jointly conducted by FT and Statista is in its fifth year. The survey targeted companies with sales of over $100,000 in 2018 and over $1 million in 2021.

By country, Japan had the most companies with 136, followed by South Korea (78), Singapore (75), and India (73). FT explained that 26.4% of the Asia-Pacific high-growth companies were in the IT and software sectors, and 8% were in marketing and advertising.

This content was produced with the assistance of AI translation services.