Colliers Denmark Market Report 2025

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RETAIL - COLLIERS MARKET REPORT 2025

Retail summary

TRANSACTION VOLUME DKK BILLION

The Danish retail segment is slowly recovering, with consumer purchasing power being restored. Uncertainty still clouds the market, but there are grounds for optimism and a brighter outlook. Tenants continue to demand attractive, well-located leases, and convenience-driven concepts offer new opportunities in city centres. Nevertheless, rents need to come down in cer tain areas if tenants are to deliver sustainable retail opera tions, and landlords need to adapt to new market conditions. Investors are keeping a close eye on market developments and are vigilant, but deals can be done on the right terms.

5

2

DENMARK

GT. COPENHAGEN

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

SHARE OF TOTAL TRANSACTION VOLUME

9 % DENMARK 7 % GT. COPENHAGEN

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

Rising retail yield requirements

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

SHARE OF FOREIGN INVESTORS

51 %

52 %

16

17

18

19

20

21

22

23

24

25

Decentralised outlets

Regional/local shopping centres

High street

DENMARK

GT. COPENHAGEN

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

Note: Based on transaction volume for retail in 2024, Denmark. Source: Erhvervsmæglernes Branchedata, Colliers