Research

Stockholm Office Market Dynamics, Q3 2024

Summary and analysis of Stockholm's current office real estate market conditions.

November 18, 2024

Contributors:

Erik Nyman
Adam Denlert

The overall vacancy rate for Stockholm's office market stabilised at 13.4% in Q3 2024, showing a marginal decrease for the first time in two years.

The total volume under construction represents about 0.6-0.7% per year (2024-2026) of the existing stock, which is less than the historical average of 0.9% per year (since 2007).

Companies are willing to pay for central, modern, and sustainable spaces, but many are taking on less overall space.

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