CBD prime rent remains stable at SEK 8,500/sqm as Stockholm continue to show resilience with an active leasing market mainly driven by public tenants. Rent levels for other submarkets also remain stable during 2023. Modern buildings, company community and relatively short commuting distance have attracted employees back to the office.

CBRE leave the Stockholm CBD o􀆰ice prime yield stable at 4.25% in Q4 2023 with further
decompressions for the other submarkets within the city. O􀆰ice investment volume dropped 48% in Q4 compared to the year before. Yet reached 18% of the total transaction volume for the quarter. A notable deal was the Corem divestment of a prime location Stockholm leasehold 4,200 sqm asset in close proximity to the Central station in Stockholm to Swedish institution Folksam for SEK 0.57 bn. Transaction activity within the office segment is expected to improve in 2024 as the interest rates come down.

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