Copenhagen Property Market Report 2020

Copenhagen Property Market Report 2020

22

O ce market with a strong tailwind Kontormarked med stærk medvind

O‚ce transaction volume DKK billion 18

Share of total transaction volume Transaction volume % 48

Today’s Copenhagen o ce market is characterised by a cocktail of low vacancy rates, climbing rent levels and low yield requirements, which may compress even further. Demand for up-to-date and high-quality o ce space outstrips supply, and both the letting market and the investment market are exceptionally strong. Years of economic prosperity have driven up employment levels, not least in o ce- intensive businesses. Job growth has been stronger in Copenhagen, and employment levels are expected to rise even further. In the past, increases in o ce demand were balanced by supply increases, but supply has not been able to keep up with demand. This imbalance is set to become more pronounced over the next 12 months. Kontormarkedet i hovedstaden oplever en cocktail af lav tomgang, stigende lejeniveauer og lave a‘astkrav, som kan falde yderligere. Efterspørgslen på moderne kontorlokaler af høj kvalitet overstiger udbuddet, og både markedet for udlejning og investeringsmarkedet er ekstremt stærkt. Flere års økonomisk fremgang har betydet stigende beskæftigelse, ikke mindst i erhverv med mange kontorjob. Jobvæksten har været kraftigere i hovedstaden, og beskæftigelsen forventes at stige yderligere.

Share of foreign investors Transaction volume % 66

Tidligere er stigende efterspørgsel af kontorarealer blevet udlignet af øget udbud, men udbuddet har ikke kunnet følge efterspørgslen, og dén ubalance vil vokse det kommende år.

Based on total transaction volume, Greater Copenhagen. Source: Colliers