Sweden MarketBeat

Logistics - Q3 2025

Completions slowed to 31,500 sq m, fully let in southern Stockholm. Vacancy fell to 11.5% in Stockholm and 6.5% in Gothenburg, while national vacancy held at 9.0%. Prime yields compressed to 4.85% in Stockholm/Gothenburg; rents stayed stable at SEK 1,050 (Stockholm) and SEK 1,000 (Gothenburg).

Residential - Q3 2025

Investment dropped to SEK 8.5 billion (26% of total). Prime yields: 3.85% Stockholm, 4.45% Gothenburg, 4.60% Malmö. Regulated rents rose in Stockholm to SEK 2,900, unchanged elsewhere.

Retail - Q3 2025

Investment surged to SEK 5.6 billion (17% of total). Prime rents stable; yields: 4.00% high street, 4.45% shopping centres, 5.90% retail parks. Retail sales up 3.9% YoY, driven by durables (+7.1%).

Economic & Investment Overview - Q3 2025

Household spending supports recovery amid global tensions. Q3 transaction volume: SEK 33.0 billion (+57% YoY), led by industrial (27%) and residential (26%). Prime yields: office 3.90%, logistics 4.85%, residential 3.85%, retail 4.45%.

Office - Q2 2025

Office completions reached 116,000 sq m across Sweden’s three largest cities in H1 2025, up 115% YoY. Stockholm led with 91,000 sq m, followed by Gothenburg (17,500 sq m) and Malmö (7,500 sq m). Vacancy in Stockholm CBD declined to 8.0%, while Gothenburg and Malmö CBDs rose to 14.0% and 8.0%, respectively. Prime rents remained stable in Stockholm and Malmö, while Gothenburg increased to SEK 4,200/sq m. Yields saw slight compression in Stockholm (3.90%) and Gothenburg (4.55%), with Malmö flat at 4.85%.

Office - Stockholm - Q2 2025

New completions in Greater Stockholm totaled 91,000 sq m in H1 2025, mostly in decentralised areas. Vacancy rose overall to 16.5%, driven by a 21.0% rate in decentralised zones, while the CBD improved to 8.0% and City Centre held at 13.0%. Prime rents were stable QoQ, at SEK 9,800/sq m in the CBD, SEK 6,200 in the City Centre, and SEK 4,150 in decentralised areas. CBD yields compressed slightly to 3.90%, while other submarkets remained flat.