Focus report Aarhus - Colliers Denmark 2024

OFFICE - COLLIERS FOCUS REPORT AARHUS 2024

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ties for citizens, including the music venue Train and the Jutland Art Academy. The development plan for the area also includes an Aarhus high line that will connect the Sydhavnskvarteret neighbourhood and Frederiks Plads. The prominent office tower block AKSON, which has 26 floors and more than 37,000 sq m, is virtually fully let. Several companies, including Kromann Reumert, AART Architects, Danske Commodities, Clearwater International and NIRAS, have already been announced as tenants in the project, which is being built by A. Enggaard. The tower block is scheduled for completion in H2 2025 and is expected to become DGNB Gold-certified. The TRÆ (“wood”) project, with 20 floors becoming Denmark’s tallest timber construction, is being built in wood, concrete and glass, with a focus on recycling mate rials such as discarded wind turbine blades. The office block of more than 14,000 sq m is scheduled for comple tion in H2 2024. Raundahl & Moesby will also be respon sible for the development of the final stage of Frederiks Plads. Here, a 27,000 sq m high-rise building will fill the last building plot with mixed residential and commercial uses, scheduled for completion in early 2027.

pleted. Anchor tenants Nykredit and Poul Schmith/ Kammeradvokaten and consulting engineering firm Søren Jensen now share the address. A new tower block with a mix of residential and commercial space is also on the drawing board at Remien Ejendomme. If the plans for this 20-storey high-rise are approved by the City of Aarhus, the property will become a link between the DOKK1 area and Sydhavnen. Property company Olav de Linde A/S is also building a large-scale project at the address Mindet 6. The building will reuse several elements of the old landmark. It will therefore be built on top of the existing buildings. The building will consist of 41 floors and will be Denmark’s tallest office building with approx. 39,500 sq m of new construction in combination with 5,600 sq m of con verted original buildings. The office building is scheduled for completion in 2027. After almost 10 years, the sketch projects for the bus and coach station site and the neighbouring DSB Ejendomme areas have now been revived and brushed up. The sketch project, dubbed Perlekæden (the Pearl Chain) and designed by Cobe, Rambøll and others, includes shops, offices, public-oriented businesses and housing. The masterplan is awaiting city council approval.

HOTEL INDUSTRIAL/LOGISTICS RETAIL RESIDENTIAL OFFICE

Opposite DOKK1, the office building Europaplads, which shares its name with the square, has now been com

Typical rent levels

OFFICE

2021

2022

2023

2024

CHANGE 2023-24

Aarhus C

1,450

1,500

1,500

1,600

7%

Prime

1,150

1,150

1,150

1,250

9%

Secondary

Aarhus N

1,250

1,250

1,250

1,300

4%

Prime

825

900

900

1,000

11%

Secondary

Aarhus V

1,150

1,150

1,150

1,150

0%

Prime

800

800

800

800

0%

Secondary

Aarhus S

1,050

1,050

1,050

1,100

5%

Prime

700

700

700

700

0%

Secondary

Note: Rent levels quoted in DKK per sq m p.a., exclusive of operating costs and taxes, office, Aarhus. Level in 2024 indicates Colliers’ estimation at year-start. Source: Colliers