Office Locations MR2020

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Location descriptions | Office – Market Report 2020

Office Copenhagen CBD

 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 there- fore virtually non-existent, and the vacancy risk is limited due to the potential number of public-sector tenants in the downstream of central government.  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.  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 providing access to all metro lines including the new CityRingen. The area is hampered by scarce parking facilities, but the diversified building stock, easy access by public transport and diverse urban life give the district character, appealing to a wide range of businesses in pursuit of small and medium-sized office units.

The district is predicted to transform in the coming years as it is becoming an increasingly popular location for serviced offices, restaurants and shops. There are plans to transform the Danske Bank head-office buildings into a new mixed-use building complex with shops, restaurants, offices, etc. Danske Bank sold its head- office building at Holmens Kanal to Standard Life in 2016 and is expected to relocate in 2023.  Frederiksstaden Centred the Queen’s residence, Amalienborg Palace, Frederiksstaden is considered a prestigious CBD office location with an imposing building stock consisting of mansion and palace-style buildings with a modernised layout. Both historically and today, the district is preferred by law firms, professional and business service consultancies, financial institutions and shipping companies, including the A.P. Moller - Maersk Group, which is headquartered in Frederiksstaden. In addition, the district attracts art dealers with the street of Bredgade housing quite a few galleries. Access by public transport improved greatly in 2019 with the new Metro station at the Marble Church, Marmorkirken. The availability of parking facilities is fairly good in the area considering its central location, not least thanks to new underground parking facilities in the district.  The Rosenborg District Surrounding Rosenborg Castle and the King’s Garden, the Rosenborg District offers both large-scale office premises and smaller leases in older town houses with a relatively space- efficient layout and modern exterior. Both Nørreport station and the Kongens Nytorv Metro station are in the immediate vicinity of the district, with Nørreport offering regional and S-train as well as Metro and bus services. Parking is scarce at street level, but several underground parking facilities are available. Traditionally, the district has been preferred by the media as well as