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  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration



    Finland has a highly industrialized free-market economy with a per capita output equal to that of other western economies such as France, Germany, Sweden or the UK. Finland has received good results in many international comparisons of national performance such as the share of high-technology manufacturing, public education, health care, the rate of gross domestic product growth, and the protection of civil liberties. The largest sector of the economy is services at 65.7%, followed by manufacturing and refining at 31.4%. Production of resources accounts for 2.9%. Finland is highly integrated in the global economy, and international trade is a third of GDP. Finland ranks among the top fifteen countries for ease of doing business, allowing it to have many international and foreign owned companies.

    The Finnish office market saw little movement over the third quarter. The global financial turmoil kept investor activity limited, and yields moved out further. The occupational market faltered this quarter, with increasing supply and a more cautious letting market. Construction levels are at historically high levels, with an estimated 500,000 sq.m currently being built. Availability will continue its steady upward trend in 2009, particularly as a number of new completions will reach the market when demand is expected to moderate.

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