Savills: 2% annual fall in prime office rents in Oslo in 3Q15

Realopedia Global Real Estate Portal

In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Oslo were, respectively, EUR405 and EUR290 per square metre per year. Year-on-year growth in prime rentals has fallen from +2% to -2% since 1Q15. Looking forward, Savills anticipates that take-up of office space will remain unchanged. Supply of new space is expected to fall. Prime rents are expected to remain stable. In its report, Savills highlighted decline in demand for office space from energy companies.

Source : Savills/December 2015/Oslo/OFF