Office Leasing Market Denmark Q2 2023
The office occupier market has seen a shift from very high activity and historically low vacancies to a more slowed pace, where businesses are reconsidering their office spaces to attract employees. Tenants are gaining bargaining power, setting demands for lease contracts to be more flexible. Although economic uncertainties impact the occupier market negatively, the office occupier market in Copenhagen is still very strong, with stable rent levels and only slightly increasing vacancy rates. With a focus on prime, we expect to see a widening gap between primary and secondary rent levels.
Office Investment Denmark
Current market and economic uncertainties, driven by the continued high inflation and interest rate level, has resulted in a in a spread between the sellers and buyers price expectations, which has led to a significant slowdown in investment activity with extremely limited supply of safest assets – prime offices in Central Copenhagen.
