Sweden Office Stockholm Figures Q1 2024

CBD prime rent remain stable at SEK 8,500/sqm as Stockholm continue to show resilience with an active yet slower leasing market with longer lease negotiation processes. Rent levels for the other submarkets also remain stable in Q1. Leasing activity is currently focused on central locations, and in many cases larger cooperations and public tenants downsizing space to suit a hybrid work model better. Secondary locations and buildings are at risk of being more affected in the current market. Vacancy level for CBD was 4.8% (4.0% in Q4) and remained stable in the Inner city at 7.5%. Availability of sublease or vacant coworking adds 1% space to CBD (2.0% in Q4) and 2% in the Inner city (1.5% in Q4).