Aarhus__Locations_Online_MR19

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Location descriptions | Aarhus – Market Report 2019

In brief Aarhus property market

Introduction Next to Copenhagen, Aarhus is the largest city in Denmark. It enjoys a central location between the urban centres of Jutland, with only about one hour’s drive to Aalborg in the north, Herning in the west and the Triangle Region in the south. Today, the City of Aarhus totals over 345,000 inhabitants and is located at the heart of the Central Denmark Region (Region Midtjylland) with more than 1.3 million inhabitants. This region is considered the catchment area of Aarhus. Today, Denmark is witnessing a general migration trend away from more peripheral locations, spurring population growth in the cities. This is particularly true of Aarhus, reflected in very strong population forecasts for the years ahead. By 2045, Statistics Denmark anticipates over 60,000 new inhabitants, equivalent to a population growth rate of approximately 18%. As this population boost is expected to spur demand for space, the City of Aarhus is actively pursuing development plans for new residential and office construction. In general, the office sector, including the liberal professions and the service industry, is expected to account for the majority of new jobs in future. The aim is to place these new developments within the city boundaries by converting former industrial sites into up-to- date mixed-use residential and commercial districts

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