DENMARK MARKET REPORT MARKET UPDATE: COMMERCIAL REAL ESTATE MARKET NEW NORMAL COPENHAGEN AND FREDERIKSBERG Q2 2018 RESIDENTIAL MARKET Market rents and yields COMMERCIAL REAL ESTATE MARKET Q2 / 2018 PAGE 2 PAGE 3 MARKET UPDATE Q2 2018 NEW NORMAL Economic indicators have generally shown a slightly weaker development than in the past year, nationally and internationally. This suggests that the economy will develop positively, but at a lower level than previous economic upswings, which many economists denote as “new normal”, or the new normal for economic upswing. The European Central Bank, ECB, will phase out the bank’s bond repurchasing program at the end of the year as there are JOSEPH ALBERTI more signs that the economy is strengthened, and inflation is closer to the bank’s goals. Research Analyst MSc. Econ. Threats of a trade war between the United States and several countries have lowered the Cell phone 23 44 43 49 market’s expectations for the global economy in the near future.
[email protected] Stigende vækst og beskæftigelse Increasing growth and employment 2,300,000 520 2,250,000 500 2,200,000 480 2,150,000 460 2,100,000 440 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 ‘16 ‘17 ‘18 Full time employees Quarterly GDP Source: Statistics Denmark Oxford Economics og Collliers International Re-printing only allowed with indication of source. Contact: Lisbeth Kempel, marketing director / Cell phone 21 72 83 67 /
[email protected] COMMERCIAL REAL ESTATE MARKET Q2 / 2018 PAGE 3 Vacancy for office and industrial and logistics properties has Transaction volume / Q2 2018 reached the lowest point since 2009, creating more incentives for speculative construction.