Market Report 2022

Colliers Market Report 2022

21

Hotel Industrial/logistics Retail Residential Of f ice

Frederiks Plads Company House II, Aarhus C. Visualisation

The economic situation has reduced uncertainty in the business sector, restoring the sector’s confidence in the future. Several businesses have left the sidelines to focus on growth. This has fed through to the office market too, where a short-lived slow down at the start of the pandemic has now given way to a fiercer struggle for mainly the best and most up-to-date office premises. This applies mainly to Copenhagen and Aarhus. As Denmark’s key growth centres, the office markets of these cit

ies are also the first to witness the effects of economic up- and downturns. Whereas businesses can quickly shift the focus of business plans to expansion and hiring, the supply in the office market is not equally equipped for short-term adjust ments. This effect is evident especially in the current market, with both cities witnessing record-high demand for contem porary and well-located offices.

High employment driven by Denmark’s largest cities

Denmark

Copenhagen

Funen

South Jutland

East Jutland

West Jutland

North Jutland

0%

0.5%

1.0%

1.5%

Note : Average growth (y/y) in employment in various parts of Denmark, 2008Q3 to 2021Q3. Source : Statistics Denmark, Colliers