Summary and analysis of Stockholm's current office real estate market conditions.
Insight
30 January 2025
Stockholm Office Market Dynamics, Q4 2024
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The vacancy rate in Stockholm increased to 14.4% by the end of 2024, a significant rise of 1.9 percentage points over the year. This is the largest annual increase since 2020.
Prime office rents in Stockholm CBD increased to 9,500 SEK/sq.m./year, up 3.3% compared to the previous year, showing resilience in the most attractive locations despite weaker overall demand.
Total take-up during 2024 amounted up to approximately 470 000 sq.m., equating to 4% of total stock.
Prime yields for offices decreased slightly in some submarkets during 2024, with CBD at 4.0% (-10 basis points year-on-year) and Inner City at 4.75% (-15 basis points year-on-year).