The Copenhagen property market

The Greater Copenhagen property market: prices, availability and where to locate.

Copenhagen is one of the few cities in Europe that still offers a broad range of central location opportunities for companies. For more than a decade, the industrial sector has been undergoing a transition from traditional production to high-tech industry. This has freed space in areas near the city centre and in the industrial areas west of Copenhagen. Development projects are creating or regenerating attractive areas in and around the city centre, and substantial land available for development outside the city makes Copenhagen a unique metropolitan city.

Office property market

Office vacancy rates are currently about 6.1% (2005), which is low in an international context. Rent levels vary from EUR 100 per sqm p.a. to EUR 225 per sqm p.a. exclusive of operating costs. The rent levels give ample opportunities to find a location suitable for your company whatever cost quality trade-off you are searching for.

The Central Business District, the northern part of Copenhagen and Location Airport/Ørestad are the most expensive areas in the region. Prime rent levels in the Central Business District are in the range of EUR 130 - 225 per sqm p.a., exclusive of operating costs (2005).

Office rents outside the Central Business District are in the range of EUR 100 - 210 per sqm p.a., exclusive of operating costs, and become lower the further you move away from the inner city area. This means that rents are generally lower in Location Køge, Location Roskilde, Location Frederiksborg, Location Hillerød, and Location Helsingør than in the central areas of the city. Furthermore, Copenhagen South/West tends to be less expensive than Copenhagen North.

Compared to other European cities, Copenhagen offers attractive office locations at very competitive rent levels.

Total occupational costs* in EUR per sqm p.a. for prime office space in selected European cities

* "Total occupational costs" reflect all occupancy costs and therefore correspond to "gross" rents.
Source: CB Richard Ellis, "Global Market Rents - August 2005"

Industrial Property Market:

Vacancy rates in the industrial property market is currently some 2.7%. Current prime industrial rent levels are around EUR 60 - 120 per sqm p.a., exclusive of operating costs, while secondary industrial rent levels are some EUR 40 - 50.

Sources: CB Richard Ellis (2005) and Sadolin & Albæk (2006)

Read also on copcap.com:

• Search for location opportunities in Copenhagen
• The Copenhagen property investment market

Useful contacts

• Accommodation
• Office Hotels
• Real Estate agents

Last updated on: 30-07-2007	<< Back   Top