4 marca 2010, Finland
Spring 2010 Market Review is now available
"AHEAD IS THE ONLY WAY TO GO"
The office vacancy rate in the Helsinki Metropolitan Area continued to rise to 12.3 percent. Central locations showing resilience. Old office markets like the Vallila - Pasila area are facing problems. We predict that the vacancy rate will rise to 14 percent by year-end 2010.
The office vacancy rate also increased in nearly all other Finnish growth centres, however the vacancy rate remained below 8 percent.
Total commercial real estate transaction volume in Finland in 2009 was 1.6 billion euro. Domestic institutions were most the active buyers. Transaction volume in 2010 is set to increase slightly from 2009.
Prime yield widening stopped in Q4 2009. The prime yield in Helsinki is 6 percent.
The spring 2010 Property Market Trends is available to download via the link on the right.