JLL Nordic Outlook Spring 2022
The theme for this report is devoted to the outlook for the office market in 2022, both in terms of investor and work dynamics.
2021 will be characterized as a record year from all aspects of investing. Interest rates rose slightly towards the end of 2021 and have continued to increase so far in 2022, as we await tighter monetary policy in the United States. Equity markets rebounded sharply in 2021 but have reacted negatively at the start of 2022. The premium to net asset value (NAV) in the real estate sector has come under some pressure in the Nordics, but markets still trade at around 15 percent for a median listed real estate company (as per 14 February 2022)–above the 10 percent average, which we recorded in the Spring 2021 edition of this report.
