Aalborg__Locations_Online_MR19

Copenhagen Property Market Report 2019

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Office Along with the general transformation of the city, Aalborg’s commercial property market has changed significantly. The harbour district Vestre Havnepromenade was the original place for prime office locations, and still boasts prominent tenants such as Ernst & Young, C.W. Obel and TK Development. This area is also expanding with the ongoing renewal of Spritten, the previous industrial distilleries complex of De Danske Spritfabrikker. East of the bridge across the sound of Limfjord, Limfjordsbroen, another harbour district, Østre Havn, has been undergoing an urban renewal scheme. Today, it is home to one of Aalborg’s most sought-after multi-user office buildings, E-huset, with tenants including Hjulmand Kaptain, Niras and Deloitte, to name but a few. Over the past couple of years, the new urban development area Eternitten has managed to attract some high-profile tenants like BDO, COWI and Topdanmark. In addition, the new Aalborg office for Nykredit is currently under construction. This influx of new prime office space especially in the aftermath of the financial crisis, could have spelled disaster for the office market in Aalborg, but general economic growth and especially increased urban area growth have ensured constant rent levels in the range of DKK 950 – 1,000 per sqm p.a. for prime office rent.