Colliers Denmark Market Report 2025

1

COLLIERS MARKET REPORT 2025

When we launched last year’s report, we expected the sharp slowdown in transactions in the sec ond half of 2022 to be replaced by renewed activity by the end of 2023. That did not happen, and 2023 instead saw the lowest transaction activity in nine years. In January 2024, we launched a collaboration with a number of Denmark’s other commercial prop erty agents, enabling us to determine the transaction volume in the commercial property market in detail. Industry data from Erhvervsmæglernes Branchedata show that the 2024 volume some what exceeds the level in 2023, but that a significant increase in transaction activity has been delayed by more than two years. Interest rate arrow pointing downwards However, there are now clear signs that we can see light on the horizon for 2025. This is because inflation is widely expected to be under control as the pace of the European economy, and not least the German economy, has found a new cadence. The interest rate arrow is therefore pointing downwards, which is good news. At the same time, financial institutions expect growth in Denmark to exceed 2% over the next few years. With the prospect of continued low inflation and low unemployment, this is good news for underlying oper ations and returns on commercial property such as offices, industrial/logistics properties and retail. Real wages are rising, house prices will increase moderately, and we have a surplus in pub lic finances, not to mention a huge current account surplus. All of this, combined with a large own er-occupied housing stock, creates favourable conditions for a strong rental market. Activity is on the rise Our recommendation is therefore that now is the time to seize the opportunities for a good invest ment. You have already taken the first step with Colliers Market Report. In the residential section, for example, you can read why we see the potential for some of the most attractive investments in this segment in the coming years, especially in Greater Copenhagen. We believe we have the best insights to help you on your way. So does Euromoney, which in 2024 recognised Colliers as the best advisor in Denmark and across the Nordic region. And in Europe and globally. A recognition - not only of our local market position and competences - but also of our strong collaboration across regions and borders. We look forward to a new dawn in the commer cial property market in 2025, when we will support the growing investor interest with sustainable advice, innovative solutions and a continued focus on high customer satisfaction. A new dawn in the Danish commercial property market

HOTEL INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

February 2025

Carsten Gørtz Petersen Partner and CEO (MRICS), Colliers Denmark carsten.goertzpetersen@colliers.com

Accelerating success.