Skip to main content

Scandinavia & Switzerland: Investor demand returning

Office and industrial yields edged lower in Q4 as the recovery in Scandinavian investment took hold. However, the pandemic continued to weigh on occupiers, with retail rents declining further in most markets and office rents taking a hit in Oslo and Stockholm. Looking ahead, there are downside risks to the economic recovery given the slower-than-expected pace of the vaccine rollout. But the Scandinavian and Swiss economies are still likely to return to pre-virus levels of activity more quickly than most other parts of Western Europe. This should support occupier demand, although continued growth in online spending and firms adjusting their office space will weigh on retail and office performance.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access