Colliers Denmark Market Report 2025

29

OFFICE - COLLIERS MARKET REPORT 2025

HOTEL INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

Favourable outlook for the Copenhagen market

Taking a closer look at Copenhagen and comparing it to other European cities, an anal ysis of the underlying drivers of the office market shows that Copenhagen is favoured by a positive outlook.

Office employment in Copenhagen is expected to grow until 2028, even at a higher annual growth rate than in many other European cities. The low proportion of frequent home workers in Copenhagen indicates an increasing demand for office space in the coming years, as most new employees in a workplace are expected to have a high degree of physical presence in the office, which will put further upward pres sure on companies’ space require ments. In addition, Copenhagen has a low office vacancy rate and is therefore the only major city that can be placed in the blue area of figure 2. This com bination indicates that the growth in office employment will increase the demand for new office space in Copenhagen, as the existing supply cannot accommodate the growth to the same extent as in other cities. Many of the current vacancies are in outdated premises that do not fulfil today’s requirements, which further supports the expectation of increa sed demand for modern and newly built office space in Copenhagen.

35%

Low growth and high share of frequent homeworkers

High growth and high share of frequent homeworkers

HELSINKI

30%

DUBLIN

25%

STOCKHOLM

BRUSSELS

BERLIN

FRANKFURT

20%

0%

0.5%

1.0%

VIENNA

1.5%

2.0%

2.5%

15%

HAMBURG

MUNICH

AMSTERDAM

MADRID

PARIS

COPENHAGEN

OSLO

10%

ROME

BARCELONA

5%

High growth and low share of frequent homeworkers

Low growth and low share of frequent homeworkers

0%

FIGURE 1 . Note: Share of frequent homeworkers, % (y-axis) vs. the expected annual growth in office employment in the period 2024-2028, % per year (x-axis). Source: Eurostat, Oxford Economics, Colliers

Low growth and high vacancy rate

High growth and high vacancy rate

20%

18%

DUBLIN

16%

HELSINKI

14%

STOCKHOLM

12%

BARCELONA

MADRID

0%

0.5%

1.0%

1.5%

2.0%

2.5%

PARIS

FRANKFURT

8%

MUNICH

ROME

BERLIN

COPENHAGEN

6%

BRUSSELS

OSLO

AMSTERDAM

HAMBURG

4%

VIENNA

2%

High growth and low vacancy rate

Low growth and low vacancy rate

0%

FIGURE 2. Note: Vacancy level, % (y-axis) vs. the expected annual growth in office employment in the period 2024-2028, % per year (x-axis). Source: Eurostat, Oxford Economics, Ejendomstorvet.dk, Colliers