Colliers Denmark Market Report 2024

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INDUSTRIAL & LOGISTICS - COLLIERS MARKET REPORT 2024

Industrial and logistics was the most sought-af ter segment among investors in 2023 because of a strong occupational market and prospects of real growth in rent levels in prime locations. The strong occupational demand is reflected in higher rent lev els and continued low vacancy rates, which has to some extent offset the decrease in value due to higher yield requirements. The sustained high level of investor interest has manifested itself in speculative construction despite sharp increases in construction prices and rising yield requirements. Especially last mile locations and prime locations south of Copenhagen may see further increases in rent levels. Industrial & logistics summary

TRANSACTION VOLUME DKK BILLION

11

5

DENMARK

GT. COPENHAGEN

I&L transaction volume in Denmark, hereof in Greater Copenhagen, DKKbn

SHARE OF TOTAL TRANSACTION VOLUME

25 % DENMARK 23 % GT. COPENHAGEN

I&L’s share of total transaction volume, Denmark and Gt. Copenhagen, respectively, %.

Despite strong demand, yield requirements for industrial and logistics properties are on the rise

SHARE OF FOREIGN INVESTORS

12%

10%

8%

6%

4%

47 %

69 %

2%

0%

16 14 Greater Copehagen, prime 15

17

18

19

20

21

22

23

24

DENMARK

GT. COPENHAGEN

Triangle Region, prime

Aarhus, prime

Note: Based on transaction volume for industrial and logistics in 2023, Denmark. Source: Colliers

Note: Net initial yields, industrial and logistics. Source: Colliers