Finland Office Market Snapshot Q3 2021 

  • The recovery in the economy and the easing of traveling is giving way to strong increase in investment activity. In the third quarter, Finnish market saw highest office transaction volumes since the start of the pandemic with €982 million and the best third quarter since 2017
  • Largest transaction was the Blackstone and Brunswick's sale of the €640 million Kielo office portfolio to Castellum in July. There continues to be high amount of deployable capital looking to invest in core office properties in Finland and both domestic and international investors actively searching for core and higher quality, environmentally certified office assets.

  • The occupier market is showing clear indication of recovery with office leasing returning in both small and large spaces. Prime rent in Helsinki CBD has increased from €42/sqm/month to €45/sqm/month during the third quarter.

 

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