Focus report Aarhus - Colliers Denmark 2024

OFFICE - COLLIERS FOCUS REPORT AARHUS 2024

6

Aarhus office rent levels have been stable in recent years. However, Aarhus is undergoing rapid development, with several large, prominent office projects either recently completed or expected to be completed in the near future. The new office projects are expected to drive up office rent levels for prime space, in the process widening the rent gap between prime and secondary office space. Due to brisk development activity and occupational demand for new and modern office space, the new office stock in Aarhus is expected to absorb a significant portion of the demand. This will especially affect the older and more secondary office stock, which does not meet user requirements. As a result, the vacancy rate in the older building stock is expected to increase as new office pro jects are completed.

Mariane Thomsens Gade 1C, Aarhus Ø

Strong demand reflected in continued low vacancy rate

14%

12%

10%

8%

6%

4%

2%

13

14

15

16

17

18

19

20

21

22

23

Note: Vacancy rate, office, Aarhus. Source: Ejendomstorvet.dk, Colliers