Swedish Office Market Report – Autumn 2024

By Q3 2024, Swedish office investment volumes reached SEK 15 billion with domestic investors accounting for 100% of total volume, driven primarily by Swedish institutions and pension funds representing 60% of office transaction volume, resulting in Stockholm achieving Europe's joint-lowest prime yield of 4.0%. Stockholm's CBD office market showed resilience with a vacancy rate of 7.6%—110 basis points below the European average—while coworking space growth slowed after expanding 400% since 2017, as traditional landlords offered more flexible leases and rising costs pressured operators.