Colliers Denmark Market Report 2024

23

OFFICE - COLLIERS MARKET REPORT 2024

HOTEL INDUSTRIAL & LOGISTICS RETAIL RESIDENTIAL OFFICE

Only limited demand for more homeworking in Denmark

0.0 0.5 1.0 1.5 2.0 2.5 3.0

Finland UK Actual/planned home working days Denmark USA

France

Norway Netherlands Germany

Spain

Sweden

Difference

Desired home working days

Note: Weekly home working days, selected countries. Source: CESifo (Working from Home Around the Globe: 2023 Report), Colliers

Danes commute less on average than other countries

23 24 25 26 27 28 29 30

Denmark

UK

USA

Finland

France

Norway Netherlands Germany

Spain

Sweden

Note: Average commute time, major cities, selected countries, minutes. The US figure is calculated as a simple average of commute times in minutes in the 10 largest cities. Source: Eurostat, TitleMax, Colliers

Copenhagen office vacancy rates are falling – quite unlike selected cities abroad

30%

25%

20%

15%

10%

5%

0%

21

22

23

Copenhagen

San Francisco

New York

Los Angeles

London 1

Note: Office vacancy rates in Copenhagen and selected cities abroad. 1 City of London. Source: Ejendomstorvet.dk, Colliers