Focus report Copenhagen - Colliers Denmark 2024
OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2024
10
Copenhagen CBD
Typical rent levels
OFFICE
2021
2022
2023
2024 CHANGE 2023-24
Prime
na
na
na
na
na
Government District 1
Secondary
na
na
na
na
na
Prime
1,650
1,700
1,750
1,750
0.00%
Pedestrian District
Secondary
1,150
1,200
1,250
1,300
4.00%
Prime
1,850
1,900
1,950
2,000
2.56%
Banking District
Secondary
1,400
1,450
1,500
1,550
3.33%
Prime
1,800
1,850
1,900
1,950
2.63%
Frederiksstaden
Secondary
1,450
1,500
1,550
1,600
3.23%
Prime
1,700
1,750
1,750
1,750
0.00%
Rosenborg District
Secondary
1,300
1,350
1,350
1,350
0.00%
Prime
2,100
2,150
2,200
2,250
2.27%
City Hall/Central Station District
Secondary
1,200
1,250
1,350
1,400
3.70%
Prime
1,900
1,900
1,900
1,900
0.00%
Kalvebod Brygge/ Havneholmen
Secondary
1,450
1,450
1,450
1,450
0.00%
Prime
1,700
1,750
1,800
1,850
2.78%
Christianshavn
Secondary
1,300
1,350
1,400
1,450
3.57%
Prime
1,650
1,700
1,750
1,800
2.86%
Islands Brygge
Secondary
1,050
1,100
1,150
1,200
4.35%
Prime
1,950
2,000
2,050
2,150
4.88%
Nordhavn
Secondary
1,400
1,450
1,500
1,600
6.67%
Note: Rent levels quoted in DKK per sq m p.a., exclusive of operating costs and taxes, office, Copenhagen. Level in 2024 indicates Colliers' estimation at year-start.
1 na = not available as the district has a high prevalence of public-sector tenants, with a letting market in the ordinary sense virtually non-existent. Net market rent projections are based on the assumption that the potential future increase in operating costs will be the same in all locations, thereby not impacting net market rental prices. However, it cannot be ruled out that significant increases in operating costs may cause businesses to discard specific locations and opt for other, less expensive locations. This may cause a shift in overall demand and, by extension, the net market rent in the areas in question.
Source: Colliers
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