Market Outlook Nordic City Report Spring 2012 · Nordic City Report Spring 2012 Market Outlook . 2...
Transcript of Market Outlook Nordic City Report Spring 2012 · Nordic City Report Spring 2012 Market Outlook . 2...
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Nordic City Report Spring 2012
Market Outlook
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Office Rental Clock Evolution
Rental GrowthSlowing
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Rental GrowthSlowing
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Rental GrowthSlowing
RentsFalling
Rental GrowthAccelerating
RentsBottoming Out
Barcelona, BrusselsBarcelona, BrusselsAmsterdam, Budapest,Dublin, MadridAmsterdam, Budapest,Dublin, MadridEdinburgh, RomeEdinburgh, RomeSt. PetersburgSt. Petersburg
MilanMilan
CologneCologne
Lyon, Stuttgart Lyon, Stuttgart
CopenhagenCopenhagen
AthensAthensLisbonLisbon
Bucharest, Frankfurt, Istanbul, Kiev, Luxembourg, PragueBucharest, Frankfurt, Istanbul, Kiev, Luxembourg, Prague
Berlin, Hamburg, MunichBerlin, Hamburg, Munich
Düsseldorf, Geneva, StockholmDüsseldorf, Geneva, StockholmWarsawWarsaw
Helsinki Helsinki Helsinki Moscow Moscow
OsloOslo
London City, London West End, Paris, Zurich
London City, London West End, Paris, Zurich
Q4 2011
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Rents
Solna / Sundbyberg Prime Rent SEK 2,200 sq m (16.7%)
Adjacent Suburbs Prime Rent SEK 2,000 sq m (5.3%)
Rest of Inner City Prime Rent SEK 3,300 sq m (10.0%)
Kista Prime Rent SEK 2,100 sq m (10.0%)
CBD Prime Rent SEK 4,200 sq m (5.0%)
Stockholm Total Prime Rent SEK 4,200 sq m (5.0%) Stockholm Submarkets Q4
Source: Jones Lang LaSalle IP, January 2012
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Vacancies
Solna / Sundbyberg Vacancy Rate 11.1% (-1.0%-units)
Adjacent Suburbs Vacancy Rate 16.2% (-1.1%- units)
Rest of Inner City Vacancy Rate 5.6% (-2.2%- units)
Kista Vacancy Rate 13.9% (+3.4%- units)
CBD Vacancy Rate 3.2% (-2.2%- units)
Stockholm Total Vacancy Rate 9.7% (-1.2%- units) Stockholm Submarkets Q4
Source: Jones Lang LaSalle IP, January 2012
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2002 2003 2004 2005 2006 2007 2008 2009 2010 2011F 2012F 2013F
Completions CBD Completions rest of Stockholm Vacancy rate Stockholm Vacancy rate CBD
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Vacancy and Completions Stockholm 2002 – 2013
Source: Jones Lang LaSalle IP, January 2012
2011
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New development projects – Stockholm
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1• 22,000 sq m • Completed Q4 2013
1. Torsplan– NCC
• 15,000 sq m • Completed Q4 2013
Träsket 17 – Diligentia • 7,000 sq m • Completed Q3 2013
3. Svea Artilleri– Vasakronan
• 55,000 sq m • Completed Q1 2014
4. Lustgården– Skanska
• 3,320 sq m • Completed Q3 2012
• 2,000 sq m extension
5. Sperlingens Backe 30 – SEB