Focus Report Copenhagen - Colliers Denmark 2025

The west corridor Stretching primarily across the towns of Glostrup, Brøndby, Albertslund and Høje-Taastrup, the west corri- dor has a relatively outdated office stock with many properties pre-dating the 1990s. Ancillary office units in connection with industrial facilities dominate the district, and due to their age, the buildings often have a highly inflexible layout. In addition, the district has a fairly large number of secondary office premises that attract little interest as they fail to meet today’s tenant requirements. As a result, vacancy rates have been on the rise in the district’s more secondary locations. However, it is worth mentioning that Novo Nordisk has moved into Danske Bank's former premises in Høje-Taastrup. The pharma ceutical giant has taken approx. 62,000 sq m on a lease with a 10-year non-terminability period. This marks one of the most significant lettings in the area's history. However, prime locations in the west corridor offer good accessibility and low rent levels, making the district a sought-after back-office location. In addition, the opening of the Greater Copenhagen Light Rail in autumn 2025 is expected to benefit the areas in and around Glostrup and Brøndby. Valby The district of Valby is currently undergoing massive transformation, with former disused industrial facilities giving way to new attractive mixed-use commercial and residential areas that are expected to appeal to many tenants in the years ahead. The bright outlook is driven mainly by the area’s affordable rent levels, excellent accessibility as well as development opportunities. For instance, the area around Gammel Køge Landevej is currently being lifted, with former industrial facilities being converted into attractive office premises while preserving their industrial exterior. With København Syd (Copenhagen South) as a future hub linking also to the Copenhagen Metro (presumably as from summer 2024), the area around Carl Jacobsens Vej has started to attract newcomers, including the Danish Building & Property Agency (Bygningsstyrelsen), the City of Copenhagen and DEAS, the latter in 2024 moving into their new head-office premises in a DGNB Gold-certified property at Grønttorvet in Valby, developed by Nrep. In 2023, pharmaceutical company Genmab moved into In 2024, the M4 metro line was extended, now connecting Sydhavn with central Copenhagen and significantly improving the infrastructure in the area. The infra structure has previously been relatively inadequate and has historically made the area a more secondary office area. However, there is now a lot going on in the area in terms of favourable developments and brisk activity. There are several projects in the pipeline because of the improved accessibility. For example, Nordstern is developing and building approx. 15,000 sq m at Tegl OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2025 26 their new head office in a central location on the corner of Gammel Køge Landevej and Carl Jacobsens Vej. Carlsberg City District Bordering on Valby, Vesterbro and Frederiksberg, on the site formerly used by the Carlsberg breweries, the Carlsberg City District is one of the most exciting urban development zones in Copenhagen. The area has evolved to house multiple new and modern office spaces and domiciles in both historic and listed buildings as well as new builds. This contributes to a distinctive urban envi ronment, attracting a wide range of businesses. Relatively recent newcomers include Visma, taking an office lease of 20,000 sq m, and Roche, relocating to the Carlsberg City District in summer 2022. In 2023, Boston Consulting Group relocated from Kalvebod Brygge to 10,000 sq m new office premises in a former industrial property, Rød Lagerbygning (red ware house). In the same year, AstraZeneca announced their arrival in the Carlsberg City District when they moved into their new office space in Carolines Hus. In early 2024, Arla inaugurated their new office in the area, with their international sales office moving from Sluseholmen, and in 2025, Grohe moved into their new premises at Theo doras Hus on the square of Bryggernes Plads. The area benefits from relatively easy access to public transport at Carlsberg station and the new metro station at Enghave Plads. Sydhavn Sydhavn (the south harbour) is home to multiple large scale tenants such as TDC, TV2, the National Social Appeals Board and Aalborg University. The building stock in the district is relatively new, although not newly constructed.