Industry revenue of “rental and operating of own or leased real estate“ in Denmark 2012-2024

Revenues of the rental and operating of own or leased real estate market in Denmark are projected to grow from 12.6 billion U.S. dollars in 2012 to slightly over 19.4 billion U.S. dollars by 2024. One of the key reasons is the rise in the number startups and SMEs, which have fuelled the growth of the office rental market. In fact, Copenhagen has emerged as the tenth most popular startup hub in Europe, as per the findings of a 2018 survey. Additionally, demand has also been growing due to the low rental rates in offices. As of 2019, the annual prime office rent price per square meter in Denmark, amounted to 275 euros, five-fold lower as compared to the price in the UK.

Moreover, the sector has also benefited from a growing number of tourist arrivals and the growth in vacation rentals. According to BBC, airbnb recorded over 30,000 renters in in the country and more than 900,000 visiting users in 2017.

Industry revenue of “rental and operating of own or leased real estate“ in Denmark from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.120

The industry classification is based on the NACE Rev.2 - system in Denmark. The industry “rental and operating of own or leased real estate“ has the code “L682“.

Details on the methodology can be found here.

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