Colliers Aarhus Delrapport 2023 UK

accommodate more than 10,000 staff. The adjoining 22,800 sq m patient hotel in 14 storeys, named Forum, was com- pleted in 2022. In northern Aarhus lies Agro Food Park, Denmark’s largest industry-specific commercial hub for agricultural and food businesses, today housing more than 85 businesses and 1,300 employees. The most recent addition to the existing 58,000 sq m floorspace is Agro Food Park 26, an 8,300 sq m space-efficient and up-to-date multiuser building offering lease units from 45 sq m up. At Lisbjerg business park, fashion retailer Rains has an nounced planned construction start on its new headquarters in early 2023. Envisaged to comprise 12,000 sq m, including 6,500 sq m administrative space and 5,500 sqm storage, the building is scheduled for completion in summer 2024. Aarhus West (Aarhus V) Offices in the urban areas of Åbyhøj, Brabrand and Aarhus V, which can be categorised as Aarhus West, are typically concentrated around the ring road and along the approach roads. The quality of the building stock is generally more varied than in Aarhus C and Aarhus N, which is reflected in a relatively large spread in rent levels. A popular office dis trict has evolved along Viborgvej, attracting several large businesses and new office developments.

Byporten is a keenly awaited development comprising 32,000 sq m offices, a hotel and conference centre as well as commercial space distributed over nine towers. Byporten Syd (south), three adjoining office towers south of Viborgvej, was taken over by domestic pension fund Industriens Pen- sion in turnkey condition in Q4 2022. The construction of Byporten Nord (north) will take place in stages. On comple tion, it will comprise the remaining six towers, the tallest of which will feature 23 storeys (75 metres). In Aarhus V, the City of Aarhus continues the transformation of the Gellerup neighbourhood to upgrade it to the stand ards seen in other Aarhus districts. For instance, A. Enggaard is redeveloping the Helheden area of Gellerup into a mixed use city district comprising some 55,000 sq m residential and commercial space. The developer is PKA, and as part of the initial phase, they have constructed a new office building with a grocery store at its base. Aarhus South (Aarhus Syd) The office market in Aarhus South, which includes the urban areas of Viby J, Tranbjerg and Højbjerg, is generally charac terised by being established earlier than other areas around Aarhus, which is reflected in the age and quality of the build ing stock. As a result, this area typically attracts companies that have a relatively strong cost focus in their search for new premises. In this area, prime office space is typically facing either the ring road or one of the other arterial roads.

Typical rent levels

Office

Change

2020 1,450 1,050 1,250

2021 1,450 1,150 1,250

2022 1,500 1,150 1,250

2023 1,500 1,150 1,250

2022-23

Aarhus C

Prime

0% 0% 0% 0% 0% 0% 0% 0%

Secondary

Aarhus N

Prime

Secondary

825

825

900

900

Aarhus V

Prime

1,150

1,150

1,150

1,150

Secondary

800

800

800

800

Aarhus S

Prime

1,050

1,050

1,050

1,050

Secondary

700

700

700

700

Note : Rent levels quoted in DKK per sq m p.a., exclusive of operating costs and taxes, office, Aarhus. Level in 2023 indicates Colliers’ estimation at year-start. Source : Colliers.