Market Report 2022
Colliers Market Report 2022
115
Definitions
bps
Basis points
CAGR
Compound Annual Growth Rate
CBD
Central Business District
Core property
Property associated with low risk in all respects
ECB FTE
European Central Bank
Full-time equivalent. An FTE designates the hours worked by one employee on a full-time basis
GDP GLA
Gross Domestic Product
Gross Lettable Area
KPI
Key Performance Indicator
Market expectations Net initial yield (%)
Arrows indicate trend forecasts for the next 12 months
First year stabilised return on investment (less deposits, less transaction cost) based on rental income less operating costs. Yield figures compiled by Colliers are quoted at year-end Property with a substantial potential for added value, but associated with high risk, e.g. land sites producing no cash flows or high-risk development projects
Opportunistic property
na
Data not available or undisclosed
NPI
Net Price Index Percentage points
ppts
Prime rent
Refers to the best rent achievable in a top-quality building at locations that are considered top locations relative to their specific use (office, retail, industrial, residential). Commercial rents are quoted in DKK per sq m p.a., exclusive of taxes and operating costs The net initial yield on a prime property in a prime location. For commercial properties this entails a 10-year lease with a financially strong tenant Refers to the best rent achievable in a good standard building at locations that are considered secondary relative to their specific use (office, retail, industrial, residential) The net initial yield on a good standard property in a good secondary location. For commercial properties this entails let on a standard (3-5-year) lease with an average quality tenant Effective Q4 2020, online portal Ejendomstorvet.dk updated the basis of vacancy statistics, aligning it with the changes in commercial usage categories in the Danish Building and Housing Register (BBR). As a result, building stock/supply data are now more accurate, impacting on vacancy rates. However, the historical trend in vacancy rates remains unchanged. Our data are based on the statistics by Ejendomstorvet.dk quoting vacancies as a percentage of supply according to the recorded building stock according to specific use and location. Colliers accepts no responsibility for possibly misleading or incorrect vacancy statistics Property with a potential for added value, e.g. through redevelopment and proactive management, but associated with much higher risk than core property Measure of risk-adjusted returns
Prime yield
Secondary rent
Secondary yield
Sharpe ratio Vacancy rates
Value-add property
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