The situation with commercial property in Uppsala is rather similar to other major counties in Sweden. The property supply is limited and the number of vacant spaces is plummetting year by year. The vacancy rate for Uppsala is estimated at 4.5%, whereas CBD has a rate of 4.3 %. The pipeline for future office spaces in Uppsala is interesting. As of now, there exist more than 28.000 m2 under development with most of it being speculative. The new developments are based solely outside the CBD with estimated completion between 2018 and 2019. The rent for CBD is recorded at 3,000 SEK per m2 and is expected to continue increasing. The yields for commercial properties in Uppsala have been recorded at 5 % for CBD and between 6- and 7.5 % for the rest of Uppsala. Supply is deemed as extremely scarce and the pipeline for further developments is thin and close to none. This mainly refers to that there are few property owners that own most of the stock and are unwilling to sell, according to a report from JLL.
