Focus Report Copenhagen - Colliers Denmark 2025

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OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2025

INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

annually. In Germany, office employment is expected to grow by 1.06% annually in Berlin, 0.11% in Hamburg and 0.25% in Frankfurt. In addition, Copenhagen office vacancy rates are low. At the same time, Copen hagen has a low proportion of office workers who frequently work from home compared to other European cities. This points to an increasing demand for office space in Copen hagen in the coming years and an increased pressure on companies' space requirements. The current rent level for prime office prop erties in Copenhagen is low by European standards: Rents are between 33% and 72% below the level in comparable cities such as Oslo, Stockholm and Berlin. This is largely due to increased supply in central Copen hagen locations such as Nordhavn, Postbyen and the Carlsberg City District – areas that are either fully developed or well on their way, with the exception of Nordhavn. With relatively low office rent levels, it is not the rent that is the deciding factor when companies are looking for new premises. Instead, they see location and property as an important element in attracting and retaining the most desirable workforce. As a result of the slowdown in construction activity and the prospect of rising demand, competition is expected to become more intense for office premises that meet tenants' requirements. For the most attractive Copen hagen office properties, this is expected to translate into rent increases that exceed increases in the net price index (NPI) in the short and medium term.

Favourable outlook for the Copenhagen office market

35%

Low growth and high share of frequent homeworkers

High growth and high share of frequent homeworkers

HELSINKI

30%

DUBLIN

25%

STOCKHOLM

BRUSSELS

BERLIN

FRANKFURT

20%

0.5%

1.0%

VIENNA

1.5%

2.0%

2.5%

15%

HAMBURG

MUNICH

AMSTERDAM

MADRID

PARIS

COPENHAGEN

OSLO

10%

ROME

BARCELONA

High growth and low share of frequent homeworkers

Low growth and low share of frequent homeworkers

FIGURE 1 . Note: Share of frequent homeworkers, % (y-axis) vs. the expected annual growth in office employment in the period 2024-2028, % per year (x-axis). Source: Eurostat, Oxford Economics, Colliers

Low growth and high vacancy rate

High growth and high vacancy rate

20%

18%