Locations descriptions.Office

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Copenhagen Property Market Report 2018

demand, and rent levels are among the lowest in the Copenhagen area in general. Even with the future light-rail link in place, it is difficult to envision a full-scale reactivation of the more secondary locations. (9) The west corridor Stretching primarily across the towns of Glostrup, Brøndby, Albertslund and Høje-Taastrup, the west corridor contains a relatively outdated office stock with many properties pre-dating the 1990s. Ancillary office units in connection with industrial facilities dominate the district, and due to their age, the buildings often have a highly inflexible layout. In addition, the district contains a fairly large number of secondary office premises that attract little interest as they fail to meet today’s tenant requirements. As a result, vacancy rates are soaring in the district, especially in secondary locations. Infrastructure upgrade initiatives or investments in the properties are not expected to significantly improve the situation. (10) Valby The district of Valby is currently undergoing massive transformation, with former disused industrial facilities giving way to new attractive mixed-use commercial and residential areas. For instance, the area around Gammel Køge Landevej is currently being lifted, with former industrial facilities being converted into attractive office premises while preserving their industrial exterior. With Ny Ellebjerg station as a future hub linking also to the Copenhagen Metro (as from 2023), the area around Carl Jacobsens Vej has started to attract newcomers, including the Danish Building & Property Agency (Bygningsstyrelsen) as well as acclaimed architect company Bjarke Ingels Group (BIG). Bordering on Valby, Vesterbro and Frederiksberg, the site formerly used by the Carlsberg breweries is one of the most exciting urban development zones in Copenhagen. In the Carlsberg City District, educational facilities of 55,000 sqm have already been established, while office construction is still ongoing. However, Arkitema Architects is moving to the district in February 2018. The area already benefits from easy access to public transport in terms of Carlsberg station, and the future Metro station at Tove Ditlevsens Plads will further improve conditions. However, prime locations in the west corridor offer good accessibility and low rent levels, making the district a sought-after back-office location.

Bordering on Valby, Vesterbro and Frederiksberg, the site formerly used by the Carlsberg breweries is one of the most exciting urban development zones in Copenhagen.