The domestic Danish e-commerce sector is also constantly growing, reaching a sales value of around 146 billion Danish kroner in 2019. The total industrial and logistic facility space in the country is also slowly growing, but the demand seems to be high for a prime location, especially around the Capital region.
Denmark’s capital city Copenhagen had the sixth highest rental price for large warehouses in a prime location in European cities in 2019. Large warehouses refer to warehouses with a space of over five thousand square meters, and the average annual price per square meter in a prime location in Copenhagen in 2019 reached 90 euros. The prime yield was 5.26 percent, though it was declining over time.
Copenhagen city is the most attractive area for industrial and logistic facility space in the country and is the area with the highest rental cost per square meter. The prices are probably driven by the good geographic location, but it was also one of the areas in the country with the lowest amount of facility space in 2020. Not surprisingly, the area had the lowest vacancy rate during the first quarter of 2020, at 0.7 percent.