Colliers Market Report Denmark 2023

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Office - Colliers Market Report 2023

Despite high employment at year-end 2022, all forecasts have Denmark headed for an economic slowdown, pos sibly even recession. Against this backdrop, we believe that most districts across Denmark are likely to see a drop in office occupational demand and, by extension, a rise in vacancy rates. Whenever the market is belea guered, it often becomes clear which properties are aligned with tenant demands and which have instead benefited from low vacancy levels and few alternatives on the supply side. If you are a landlord, we therefore advise you to be aware of a possible vacancy risk already at this stage, and to enter into a close dialogue with ten ants and be accommodating to their requirements so as to be ready to act swiftly and be agile when needed.

Boom in Danish employment levels in recent years

2,500,000

2,400,000

2,300,000

2,200,000

2,100,000

2,000,000

13

14

15

16

17

18

19

20

21

22

Note: Number of FTEs, Denmark. Source : Statistics Denmark, Colliers