Focus Report Copenhagen - Colliers Denmark 2025

OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2025

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INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

Lyngby/Gladsaxe Supported by easy motorway access, the Lyngby and Gladsaxe office locations have seen mounting demand in recent years. Located near the affluent residential districts of northern Zealand and a short distance from Copenhagen, the district offers lease opportunities for domestic and international companies in search for large-scale office premises. Furthermore, knowledge-in tensive businesses prefer the location as DTU provides a large pool of highly skilled labour. As a result, busi nesses in the fields of IT, insurance and biotech, etc. have settled in the vicinity. Current large-scale office users include Microsoft, Maersk Drilling, Danica Pension, COWI and Jyske Realkredit. However, the latter is moving to Kalvebod Brygge in mid-2025, when Jyske Bank concen trates all its activities in the building dubbed Glaskuben. In late 2024, Novo Nordisk acquired approx. 3,300 sq m office space at Nybrovej 112, increasing its presence in Lyngby/Gladsaxe. The north corridor Covering large areas along the motorway to Elsinore (Helsingør), the north corridor stretches across office parks in Vedbæk, Hørsholm, Nivå and Kokkedal, dating mainly from the 1980s. Located close to the motorway, the district benefits from good access by car, whereas access by public transport is limited due to the area not being connected to the S-train grid. Linking Elsinore in the north and Copenhagen in the south, the routing and stops of the coastal railway (Kystbanen) are not ideally located vis-à-vis the office areas in the north corridor, which are therefore hampered by relatively poor public transport options. Innovative measures are called for to re-brand and revi talise the district. So far, the DTU Science in Hørsholm has been a successful initiative, offering single offices to large-scale office premises. The science park has become Denmark’s foremost deep tech community with more than 315 high-tech R&D businesses. In recent years, DTU Science Park has seen a virtually constant rise in activity, today housing businesses like DHI, ALK, FMC and Chr. Hansen. Birkerød/Allerød Located some 25 km northwest of Copenhagen, the district of Birkerød/Allerød has several large-scale office

areas of diverse quality, ranging from the obsolete to the more up to date. Some of the older office buildings used to serve as ancillary office units in connection with indus trial facilities. This property type has seen a decrease in demand over the past years as businesses have zoomed in on space-efficient and flexible premises. Notwith standing S-train stations in Allerød and Birkerød, the office areas of the district have less than ideal access to public transport. Herlev/Ballerup The Herlev/Ballerup district has long been a preferred location for large-scale companies operating in the high-tech or financial services industries, with the Laut rupvang area attracting a great number of businesses. Tenants in the area include GN Store Nord, Nets, IBM Danmark and KMD. Most recently, Novo Nordisk took an approx. 16,000 sq m office lease in the area. Furthermore, the district houses the successful World Trade Center (WTC) Ballerup, which is a 17,000 sq m modern business centre offering serviced offices. In 2024, Siemens here took a lease of approx. 2,900 sq m. Pharmaceutical company Genmab has also moved activ ities to the area, in late 2024 taking a lease on approx. 4,250 sq m office and laboratory facilities at Baltorpvej. Thanks to the synergies of the location, including easy access to customers, skilled labour and varying degrees of knowledge sharing, Lautrupvang has attracted also inter national newcomers operating in the high-tech indus tries. NCC is building a new head office for German indus trial giant Bosch at Telegrafvej. The head office extends to 10,000 sq m, with the construction with wooden columns and beams being an example of sustainable newbuilding. The building is expected to be ready for occupancy in late 2026. The less established office locations in the district have a relatively old building stock, constructed mainly in 1970–1990, and like in other suburban office locations, offices are commonly laid out as ancillary offices with adjoining industrial facilities. Due to the inflexible layout of most premises as well as limited remodelling options, these locations suffer from weakening demand, and rent levels are among the lowest in the Copenhagen area in general. Even with the future light-rail link in place, it is difficult to envisage a full-scale reactivation of the more secondary locations.