Colliers København Delrapport 2023 UK

place already in spring 2022, that is, before the explosive increase in in- flation and interest rates. Similarly, the fact that demand re- mains intact is supported by the sale of four Magasin properties in Den mark’s four largest cities at year-end 2022. However, the buyer of the prop erties was the ultimate owner of the tenant, Magasin (Magasin du Nord), that is, Peek & Cloppenburg. In addition, transaction activity con- tinues to be brisk in terms of single properties and portfolios involving grocery stores and big box-stores with financially strong tenants and typically long non-terminability peri ods, although this property type has also seen yield decompression. Over the next 12 months, investors are expected to remain cautious and selective.

Typical rent levels

Retail

2020

2021

2022

2023

Area up to 100 sq m

14,000-22,000

13,000-21,000

12,000-22,000

12,000-22,000

Copenhagen high street (upper end)

Area 100-300 sq m

11,000-20,000

9,500-19,000

11,500-19,000

11,500-19,000

Area 300+ sq m

10,000-15,000

8,500-14,000

10,000-15,000

10,000-15,000

Area up to 100 sq m

6,000-11,000

5,000-10,000

6,000-10,500

6,000-10,500

Copenhagen high street (lower end)

Area 100-300 sq m

6,000-10,000

5,500-9,000

6,500-10,000

6,500-10,000

Area 300+ sq m

4,000-8,000

3,600-7,000

4,300-8,500

4,300-8,500

Copenhagen Latin Quarter/Grønne gade/Ny Østergade Copenhagen other central city districts

Area up to 300 sq m

3,400-9,500

3,300-9,000

3,800-9,500

3,800-9,500

Area 300+ sq m

2,800-7,000

2,600-6,500

3,000-7,500

3,000-7,500

Area up to 300 sq m

1,300-4,000

1,300-4,000

1,400-4,000

1,400-4,000

Area 300+ sq m

1,200-3,000

1,200-3,000

1,300-3,000

1,300-3,000

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