The transaction volume more than doubled in the last quarter, compared to the volume in Q1-Q3. The overall transaction volume was over €2 billion in 2013.
The transaction volume increased in the residential and healthcare sectors, and decreased in the logistics sector. The office sector remained the most traded sector.
Approximately 35 % of the transactions in 2013 were completed by an international purchaser. German and Swedish investors have been the most active foreign investor groups. Also, two new international investors entered the Finnish property market.
The CBD office prime rent has been increasing steadily since 2010 to reach €32/sq m/month. The prime rents in other main office areas have been almost unchanged during the year.
The prime retail rent increased slightly to €135/sq m/month.
The prime industrial rent has been at similar level since 2008 and is now at €9.75/sq m/month.
The prime office and retail yields are at 5.25 % and the logistics yield is at 7.25 %. The yield levels are expected to remain at the current level in 2014.
The vacancy in the Helsinki Metropolitan Area is at 1 million sq m. The vacancy is expected to remain stable or modestly decrease, since the development of office space has slowed down.
Source : DTZ (Groupe UGL)