Colliers Denmark Market Report 2024

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OFFICE - COLLIERS MARKET REPORT 2024

Office summary

TRANSACTION VOLUME DKK BILLION

The Danish office market is solid despite eco nomic uncertainty. Vacancy is limited and has been declining in the aftermath of the corona virus pandemic. The demand for office space is supported by record-high employment, and Danish employees are less likely to want to work from home – unlike in other countries. Tenants are increasingly demanding modern and preferably sustaina bility-certified properties with flexible layouts. Activity in the investment market has been moderate with fewer for eign acquisitions, while Danish pension funds have been more active.

7

6

DENMARK

GT. COPENHAGEN

Ofice transaction volume in Denmark, hereof Greater Copenhagen, DKKbn

SHARE OF TOTAL TRANSACTION VOLUME

16 % DENMARK 27 % GT. COPENHAGEN

Office’s share of total transaction volume, Denmark and Gt. Copenhagen, respectively, %.

Yield gap between prime and secondary properties is narrowing

0% 1% 2% 3% 4% 5% 6% 7% 8%

SHARE OF FOREIGN INVESTORS

3 %

3 %

15

16

17

18

19

20

21

22

23

24

Copenhagen CBD, prime

Copenhagen CBD, secondary

Aarhus, prime

Aarhus, secondary

DENMARK

GT. COPENHAGEN

Note: Based on transaction volume for office in 2023, Denmark. Source: Colliers

Note: Net initial yields, office. Source: Colliers