Norway: office real estate take-up in Oslo 2013-2019

This statistic illustrates the take-up of office real estate in Oslo, Norway, from 2013 to 2019. It can be seen that between the years of 2014 and 2017, the take-up of office real estate fell dramatically. Since the 2014 oil price bust in Norway, office real estate has struggled significantly falling from approximately 100 thousand square meters of take-up in 2014 to just over 14 thousand square meters in 2017. In 2018 and 2019, the demand for office space improved, with Oslo seeing pre 2015 take-up volumes once again.

Take-up of office real estate on the commercial property market in Oslo from 2013 to 2019 (in square meters)

Characteristic	Take-up in square meters
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Release date

March 2020

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Region

Norway

Survey time period

2013 to 2019

Supplementary notes

Then source included the following information "Since the oil price bust in 2014, Oslo office market has struggled with its supply situation. The restructuring of companies, leading to vacant space and subletting of premises, negatively affected Oslo’s office market, particularly in rental prices. The response of recent years has been to reduce stock through office conversion to residential."

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