Norway Office Market Figures Q3 2024

In the Oslo office market, activity softened in Q3, with office take-up at 124,540 sqm and a year-to-date total of 468,790 sqm. Average rents increased by 3.6%, with Bryn-Helsfyr experiencing over 12% growth. The office investment market has seen a notable increase in transaction volume this year, though activity slowed in Q3. In this quarter, total office investment volume reached NOK 2.5 billion, while prime office yield has been adjusted to 4.75%.