Colliers Market Report Denmark 2023

2

Colliers Market Report 2023

Executive summary

Strong office market defies war and financial unrest Population growth supports sustained strong residential market New retail landscape : landlords and tenants required to work together Substantial shortage of up-to-date storage and logistics facilities Danish hotels mustering renewed solid KPIs Solid employment levels to buoy up Danish economy

Residential assets remain the most coveted

Denmark

15 % Office 39 % Residential 20 % Retail 18 % Industrial & logistics

86 DKKbn

2 % Hotel 7 % Other

Greater Copenhagen

18 % Office 45 % Residential 18 % Retail 12 % Industrial & logistics

49 DKKbn

2 % Hotel 5 % Other

Note: Transaction volumes by asset type, 2022 Source: Colliers

Transaction volume climbed to one of the highest levels ever in 2022 despite sluggish H2

120

100

80

60

40

20

0

13

14

15

16

17

18

19

20

21

22

Greater Copenhagen

Denmark, excluding Greater Copenhagen

Note: Transaction volume (DKK billion), by geographical location, 2022. Source: Colliers