Colliers Denmark Market Report 2024

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COLLIERS MARKET REPORT 2024

HOTEL INDUSTRIAL & LOGISTICS RETAIL RESIDENTIAL OFFICE

Definitions

Area

In key transaction tables quoted as estimated gross floorspace in sq m (rounded figure)

bps

Basis points

Buyer (country)

The country code in brackets indicates the presumed ultimate nationality of the buyer. Country codes according to the Danish Customs Agency, toldst.dk

CAGR

Compound Annual Growth Rate

CBD

Central Business District

Copenhagen proper

Københavns By, includes the municipalities of Copenhagen, Frederiksberg, Dragør and Tårnby

Core property

Property associated with low risk in all respects

ECB FTE

European Central Bank

Full-time equivalent. An FTE designates the hours actually worked by one employee on a full-time basis

GDP

Gross Domestic Product Key Performance Indicator

KPI

Market expectations Net initial yield (%)

Arrows indicate trend forecasts for the next 12 months

First year stabilised return on investment (less deposits, less transaction cost) based on rental income less operating costs. Yield figures compiled by Colliers are quoted at year-start Property with a substantial potential for added value, but associated with high risk, e.g. land sites producing no cash flows or high-risk development projects

Opportunistic property

na

Data not available or undisclosed

NPI

Net Price Index Percentage points

ppts

Prime rent

Refers to the representative rent achievable in a top-quality building at locations that are considered top locations relative to their specific use (office, retail, industrial/logistics, residential). Commercial rents are quoted in DKK per sq m p.a., exclusive of taxes and operating costs The net initial yield on a prime property in a prime location. For commercial properties this entails a long lease with a financially strong tenant Refers to the representative rent achievable in a good standard building at locations that are considered secondary relative to their specific use (office, retail, industrial/logistics, residential) The net initial yield on a good standard property in a good secondary location. For commercial properties this entails a standard (3-5-year) lease with an average quality tenant Effective Q4 2020, online portal Ejendomstorvet.dk updated the basis of vacancy statis tics, aligning it with the changes in commercial usage categories in the Danish Building and Housing Register (BBR). As a result, building stock/supply data are now more accu rate, impacting on vacancy rates. However, the historical trend in vacancy rates remains unchanged. Our data are based on the statistics by Ejendomstorvet.dk quoting vacancies as a percentage of supply according to the recorded building stock according to specific use and location. Colliers accepts no responsibility for possibly misleading or incorrect vacancy statistics Property with a potential for added value, e.g. through redevelopment and proactive management, but associated with much higher risk than core property Measure of risk-adjusted returns

Prime yield

Secondary rent

Secondary yield

Sharpe ratio Vacancy rates

Value-add property