Colliers Denmark Market Report 2024

DENMARK Executive summary Sustained high demand from both users and investors for industrial and logistics properties

16 % Office 41 % Residential 13 % Retail 25 % Industrial/logistics

In the residential segment, the rental market is strong after recent years’ sharp increase in homeowners’ cost burden Record-high employment and short commute times are fuelling office demand in Denmark Increased vacancy in the retail seg ment strengthening tenants’ leverage The hotel industry enters 2024 with optimism and record bednights in 2023

DKK 45bn

3 % Hotel 2 % Other

GREATER COPENHAGEN

27 % Office 38 % Residential 5 % Retail 23 % Industrial/logistics

DKK 23bn

4 % Hotel 3 % Other

Note: Total transaction volume 2023, Denmark, by segmen. Please note that the figure quoted for retail in the top figure has been rounded from 12.5%, with the “Other” category therefore quoted as being 2% . Source: Colliers

Sharp drop in transaction volume in 2023

120

100

80

60

40

20

0

14

15

16

17

18

19

20

21

22

23

Greater Copenhagen

Denmark, excluding Greater Copenhagen

Note: Transaction volume (DKK billion), investment property, Denmark, 2023. Source: Colliers