Summary and analysis of Helsinki's current office real estate market conditions.
Helsinki Office Market Dynamics, Q2 2024
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Prime rent and prime yield remained stable q-o-q at 507 EUR/sqm/year and 5.25%, though over the last year showed increases of 9.0% and 105 bps, respectively.
Net take-up was -19,570 square meters q-o-q, with the vacancy rate increasing from 14.5% to 14.7%.
Although there have been no office completions in the first half of 2024, the upcoming completions in H2 2024 and 2025 are anticipated to surpass the average completions of recent years.