The Norwegian industrial market continues to improve on a slow but steady basis. Occupier demand rose over the quarter with a rise in the number of transactions concluded. Consequently, both confidence and demand is slowly picking up after a prolonged period of subdued activity. For example, the new development at Økern is pushing the warehouse market further out in Groruddalen to the north west of Oslo, which has very low vacancy at the current time.
Source : Cushman & Wakefield