
The office sector is the strongest one in the commercial real estate market of Trondheim. In the previous year, the transaction volume ended at more than NOK3,5 billion, and the prime yields remain flat - around 4,75%. Although buyers still drive the investment activity, renters are also often interested in sophisticated office space in Trondheim. The office vacancy rate in Trondheim is around 10% nowadays, which means that the market is ready to accommodate a large number of businesses. Fringe areas such as Fossegrenda, Helmdal, etc. face the highest vacancy - up to 25%. The lowest rates are found in the CBD of the city, Tunga/Moholt, and Elgseter/Tempe neighbourhoods. According to this data, the rent levels for office space in the heart of Trondheim experience the increase in pricing for newly-constructed and recently refurbished venues. Despite robust construction activity in the city, the majority of work suites that are going to enter the office stock in Trondheim has already been let. In the nearest future, around 100 thousand sq.m. of the workspace will be available for rent in the city, with only approximately 23 thousand sq.m. expected in the centre of the area.


























