Retail occupancy rates are rising across Denmark due to recurring demand and tourism. In many parts of the country, letting demand is generally on the rise, which is reflected in the record low vacancy levels. The retail demand especially comes from the larger retail chains and the F&B segment that are expanding in anticipation of increased activity and tourism this summer. However, rising inflation and consumer price growth may have a curbing effect on consumption, which could affect the retail market in the longer term.

In 2022 Q1, retail vacancy in the Capital Region was estimated to be 1.8 %, while vacancy in Aarhus, Odense and Aalborg are in the level 2.4-2.8 %. In the Copenhagen high street area, several shops remain vacant, but as more renovation projects are completed, the overall impression of the high street area is expected to improve. Especially the fashion industry has utilised the opportunities to move to new retail premises, but also brands that have previously had smaller shops in shopping centres have begun moving into the high street area. This development is partly because the new location can offer better exposure and partly because the right lease has become available.

In the investment market, the supermarket and big-box shop segments enjoy the highest demand. Especially foreign investors have accounted for a large share of the transaction volume in recent quarters.