Figures Finland Office Q1 2024

The office investment market started the year with a low transaction volume. The largest transactions took place outside the HMA, with 19% of the transaction volume centered in the capital city region. 53% of the investment came from international investors. 

The repricing of the office market continued as the prime yield decompressed by 25 basis points to 5.25%, and the prime yield outside of the CBD increased to 6.00%. The key office transactions in Q1 took place in Tampere. VVT purchased a prime office property in the central area from Sponda, and Sagax bought the Cargotec R&D property from WP Carey.

According to CBRE’s Nordic investor intention survey, around 60% of office investors report core assets as their investment strategy. The gap between prime and secondary markets continues to widen, with investors showing higher interest in grade B or C offices in prime submarkets than in grade A offices in secondary submarkets. Alternative sectors that office investors are interested in include medical offices and life science assets.