Colliers Market Report Denmark 2023

l

80

Industrial & logistics - Colliers Market Report 2023

80

Although already low, vacancy rates dropped even lower as 2022 wore on, driven by sky-high demand for more space and supply marked by moderate newbuilding and lack of well-located development sites. Businesses require more space when economic momentum is strong, but a sharper focus on predictability at a time of sup ply chain uncertainty is another factor driving demand. New supply is seriously restricted as developers and businesses are grappling with a shortage of development sites in proximity of the Capital and Aarhus along with rising construction costs and higher interest rate levels. Industrial & logistics summary

Transaction volume DKKbn

15

6

Denmark

Gt. Copenhagen

Share of total transaction volume

18 % Denmark 12 % Gt. Copenhagen

Industrial and logistics assets remain coveted, but investors’ yield requirements on the rise

Share of foreign investors

12%

10%

8%

6%

4%

2%

72 % Denmark

74 % Gt. Copenhagen

0%

13

14

15

16

17

18

19

20

21

22

23

Gt. Copenhagen, prime

Triangle Region, secondary

Aarhus, prime

Gt. Copenhagen, secondary

Aarhus, secondary

Triangle Region, prime

Note: Based on transaction volume for industrial & logistics, 2022, Denmark. Source : Colliers

Note : Net initial yields, industrial & logistics. Source : Colliers