
Bergen is one of the most representative office locations in Hordaland County. The city is also well-recognised among international business owners, thanks to its geographical position - in the intersection of three countries: Norway, Sweden and Denmark. The latest surveys of the office market in Bergen state that the region faces strong demand for modern work suites. The yield levels on sophisticated office property in the city remain at around 4,5%-5,5%. Office space rental in Bergen is not a volatile process, which is proved by several large-scale transactions. Moreover, because of the rapid development of freelancing and innovative approach towards the working process, the city becomes a famous centre of coworking. These trends are expected to continue in the nearest future. CBD is the area with the highest office rent levels in Bergen. It costs around EUR100 per sq.m. to get a venue in this region. The lowest rents are found in Fyllingsdalen and Sandsli neighbourhoods, respectively. To get a workstation in a shared venue, you will be expected to pay about EUR250-300 per month. The vacancy rate is still at 9 %, fueled by the volume of new office space entering the market in Bergen. Experts state that the rates are going to decrease over the next three years to around 7%.