Aarhus Locations MR2020

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Location descriptions | Aarhus – Market Report 2020

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. As of 1 October 2019, the City of Aarhus (i.e. the municipality) has some 350,000 inhabitants. It 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 Q1 2045, Statistics Denmark anticipates population growth of approx 8%. 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.