The commercial property market in Gothenburg could primarily be divided into three main segments: office, retail and logistics. Geographically, the city remains one of the most attractive areas in the country for property transactions and new development. Although, previously-constructed refurbished venues are also in high demand among tenants there. The supply in the office sector is low in the city, with around 2% vacancy rate in the CBD, and 0,8% in Lindholmen area. The highest number of vacant premises in Gothenburg is found in its western part. Still, the development of this sector is robust. With a favourable investment climate and relatively competitive rental fees, the office performance in Gothenburg remains the strongest. Although Gothenburg is not the largest Swedish city per se, it really boosts the largest Nordic’s port, which is considered the hub for the country’s export industry. As the motor industry still dominates the local economy, logistics facilities are ultimately essential. Thousands of square metres of commercial space in Gothenburg are already rented out to companies specializing in this sphere, and the demand for such premises remains high. The price levels for commercial property in Gothenburg, although being not really low, are on half the level as Stockholm. For instance, you can rent office space for around EUR300 per sq.m. per year. If you require a warehouse, be expected to pay approximately EUR100 per sq.m., accordingly.
