• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Denmark

Denmark

According to one measure, Denmark, with a free market capitalist economy and a large welfare state, ranks as having the world's highest level of income equality. From 2006 to 2008, surveys ranked Denmark as "the happiest place in the world," based on standards of health, welfare, and education. Denmark has the most flexible labor market in Europe; based on a policy known as "flexicurity", a term coined by former Danish Prime Minister Poul Nyrup Rasmussen. This system ensures that it is easy to hire, fire, and find a job. The service sector makes up the vast amount of the employment and economy. Its industrialized market economy depends on imported raw materials and foreign trade. Its principal exports are machinery, instruments and food products. Denmark is self-sufficient in energy - producing oil, natural gas, wind and bio-energy.

 

Given underlying conditions, the Danish office market is not performing too badly. Whilst new supply continues to hit the market, current demand should absorb some of this in the short term, after which an increase is expected. Yields will soften further impacted by the continued financial turbulence and heightened uncertainty with investors holding back on acquisitions. The occupational market has not remained unscathed by the financial crisis but is faring better than the investment market. Occupiers are hesitant about taking extra space onto their books but there is still a relatively good churn as occupiers upgrade their space.
 

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