Market Report 2022

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Office - Colliers Market Report 2022

Office market at historical high

More small- and mid sized enterprises (SMEs) positive about their financial situation

The Danish office market broke through the histor ical ceiling in several locations, with movements in both rent levels and vacancy rates indicating a mar ket with continued momentum.

Findings by SME panel of Danish Board of Business Development, autumn 2021

In the last couple of years, Danish economy has fared well despite the shifting effects of the pandemic, with sustained strong demand for goods and services as of year-start 2022. The growth figures of Danish businesses are positive, just as the demand for labour has picked up. This has driven up employment levels to an unprecedented high. Nevertheless, businesses increasingly experience recruitment difficulties as the competition for manpower has intensified.

Most of SMEs, 63%, are positive about their financial situation. This reflects a 6%-point increase on spring 2021.

Mainly SMEs with 10-249 staff subscribe to a very positive view.

Record-high Danish employment in 2021

Just shy of 50% of SMEs in the survey expect growth within the next six months. More than 20% of SMEs expect to hire new staff within the next six months.

1,900,000

1,800,000

1,700,000

1,600,000

1,500,000

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Note: Number of FTEs, Denmark. Source: Statistics Denmark

Source: Danish Board of Business Development