Colliers Denmark Market Report 2024

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RETAIL - COLLIERS MARKET REPORT 2024

Retail summary

TRANSACTION VOLUME DKK BILLION

The retail sector made a comeback after the coro navirus pandemic and a 2022 with outbreaks of war and economic turmoil. Rising interest rates and changing consumption patterns pose challenges, but the rental market is doing better than feared. 2023 went better for retail and dining than many had pre dicted. Online shopping is gaining ground again, but brick and-mortar stores have proven to have great strengths. The investment market is almost dormant, but opportunities may arise as more players consider strategic divestments.

6

1

DENMARK

GT. COPENHAGEN

Retail transaction volume in Denmark, hereof in Greater Copenhagen, DKKbn

SHARE OF TOTAL TRANSACTION VOLUME

13 % DENMARK 5 % GT. COPENHAGEN

Greater Copenhagen yields on the rise

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

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

SHARE OF FOREIGN INVESTORS

15

16

17

18

19

20

21

22

23

24

High street

Regional/local shopping centres Decentralised outlets

Note: Net initial yields, retail, Greater Copenhagen. Source: Colliers

46 %

~0 %

DENMARK

GT. COPENHAGEN

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