Colliers Market Report Denmark 2023

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Industrial & logistics - Colliers Market Report 2023

Hotel I ndustrial & logistics Retail Residential Office

Strong demand for square metres The sustained downtrend in industrial/logistics vacancy rates reflects a combination of sky-high demand and moderate supply marked by highly limited newbuilding.

highest price hikes seen in four decades. Employment rates were soaring all through 2022 as a manifesta tion of brisk commercial activity. The low vacancy rates reflect a strong demand for square metres. However, actual demand may well be even stronger. For some time now, it has been difficult to find up-to-date facili ties, or in fact just any facilities at all. As a result, some businesses have likely resigned, giving up their search for new premises although they require more space or would like to relocate. In other words, the scale of hid den demand is unknown.

Apart from e-commerce, strong economic momentum is one of the factors explaining why businesses hunt for space.

Throughout 2021 and in early 2022, Denmark expe rienced an economic upswing, which was only partly slowed by the war in Ukraine, rising interest rates and the

Vacancy rates remain record-low in Greater Copenhagen and the Triangle Region

7%

6%

5%

4%

3%

2%

1%

0%

17 14 Greater Copenhagen Triangle Region Aarhus 16 15

18

19

20

21

22

Note: Vacancy rates, industrial & logistics, Denmark. Source: Ejendomstorvet.dk, Colliers