Colliers København Delrapport 2023 UK

Copenhagen CBD

Typical rent levels Office

Change

2020

2021

2022

2023

2022-2023

(1) Government District 1

Prime

na na

na na

na na

na na

Secondary

(2) Pedestrian District

Prime

1,600 1,100 1,750 1,350 1,750 1,400 1,650 1,250

1,650 1,150 1,850 1,400 1,800 1,450 1,700 1,300

1,700 1,200 1,900 1,450 1,850 1,500 1,750 1,350

1,750 1,250 1,950 1,500 1,900 1,550 1,750 1,350

2.94% 4.17% 2.63% 3.45% 2.70% 3.33% 0.00% 0.00%

Secondary

(3) Banking District

Prime

Secondary

(4) Frederiksstaden

Prime

Secondary

(5) Rosenborg District

Prime

Secondary

(6) City Hall and Central Station District

Prime

2,050

2,100

2,150

2,200

2.33%

Secondary

1,200

1,200

1,250

1,350

8.00%

(7) Kalvebod Brygge/ Havneholmen

Prime

1,850

1,900

1,900

1,900

0.00%

Secondary

1,450 1,650 1,300 1,550 1,000 1,850 1,350

1,450 1,700 1,300 1,650 1,050 1,950 1,400

1,450 1,750 1,350 1,700 1,100 2,000 1,450

1,450 1,800 1,400 1,750 1,150 2,050 1,500

0.00% 2.86% 3.70% 2.94% 4.55% 2.50%

(8) Christianshavn

Prime

Secondary

(9) Islands Brygge

Prime

Secondary

(10) Nordhavn

Prime

Secondary

3.45%

Note : Rent levels quoted in DKK per sq m p.a., exclusive of operating costs and taxes, office, Copenhagen. Level in 2023 indicates Colliers' estimation at year-start.

1 na = not available as the district has a high prevalence of public-sector tenants, with a letting market in the ordinary sense virtually non-existent. Net market rent projections are based on the assumption that the potential future increase in operating costs will be the same in all locations, thereby not impacting net market rental prices. However, it cannot be ruled out that significant increases in operating costs may cause businesses to discard specific locations and opt for other, less expensive locations. This may cause a shift in overall demand and, by extension, the net market rent in the areas in question.

Source : Colliers.