Locations descriptions.Office

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Copenhagen Property Market Report 2018

Office Copenhagen CBD

(1) The Government District near the parliament buildings The Government District houses a prominent stock of historical landmark buildings, almost exclusively used by public authorities and agencies as well as several ministries and government agencies. An actual letting market in the ordinary sense is therefore virtually non-existent, and the vacancy risk is limited due to the potential number of public-sector tenants in the downstream of central government. (2) The Pedestrian District Comprising the Copenhagen high-street area and the medieval city centre, the Pedestrian District is characterised by a predominance of smaller office premises, often with inefficient space layout a reflection of the design and age of the building stock. Despite its central location in the CBD and easy access to Nørreport station, a hub for public transport, most of the office stock in the district is lacking in functionality, flexibility and cost efficiency. In addition, there is a significant shortage of available parking spaces in the district. As a result, the district is not considered a prime office location compared to other CBD districts, which is reflected in rent levels. (3) The Banking District Located east of the Pedestrian District and just north of the Government District, the Banking District encompasses the areas surrounding Holmens Kanal and Kongens Nytorv and was traditionally among the preferred locations for banks and other financial institutions, including the Danish central bank, Danmarks Nationalbank. The district benefits from easy access to public transport at Kongens Nytorv offering multiple bus services and a Metro station, set to become a major hub when linking to the new Metro line,

Nørregade 6, Copenhagen