CPH Office__Locations_Online_MR19

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Location descriptions | Office – Market Report 2019

Office Copenhagen CBD

 The Government District near the parliament buildings The Government District houses a prominent stock of historical landmark buildings, almost exclusively used by public authorities and agencies as well as several minis- tries and government agencies. An actual letting market in the ordinary sense is there- fore virtually non-existent, and the vacancy risk is limited due to the potential number of public-sector tenants in the downstream of central government.  The Pedestrian District Comprising the Copenhagen high-street area and the medieval city centre, the Pedestrian District is characterised by a predominance of smaller office premises, often with inef- ficient space layout a reflection of the design and age of the building stock. Despite its central location in the CBD and easy access to Nørreport station, a hub for public trans- port, most of the office stock in the district is lacking in functionality, flexibility and cost efficiency. In addition, there is a significant shortage of available parking spaces in the district. As a result, the district is not considered a prime office location compared to other CBD districts, which is reflected in rent levels.  The Banking District Located east of the Pedestrian District and just north of the Government District, the Banking District encompasses the areas surrounding Holmens Kanal and Kongens Nytorv and was traditionally among the preferred locations for banks and other financial institu- tions, including the Danish central bank, Danmarks Nationalbank. The district benefits from easy access to public transport at Kongens Nytorv offering multiple bus services and a Metro station, set to become a major hub when linking to the new Metro line, CityRingen, in 2019. The area is hampered by scarce parking facilities, but the diversified building stock, easy access by public transport and diverse urban life give the district character, appealing to a wide range of businesses in pursuit of small and medium-sized office units. The district is predicted to transform in the coming years as it is becoming an increas- ingly popular location for serviced offices, restaurants and shops. There are plans to transform the Danske Bank head-office buildings into a new mixed-use building complex with shops, restaurants, offices, etc. Danske Bank sold its head-office building at Holmens Kanal to Standard Life in 2016 and is expected to relocate in 2023.  Frederiksstaden Centred around the Queen’s residence, Amalienborg Palace, Frederiksstaden is consid- ered a prestigious CBD office location with an imposing building stock consisting of mansion and palace-style buildings with a modernised layout. Both historically and today,

Falck-Huset, Copenhagen CBD