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German, Sweden Growth May Boost Denmark CRE

COPENHAGEN, DENMARK-The country is suffering from low consumer confidence, but expects to see stronger exports to neighboring countries as a way to increase economic growth.

By Robert Carr | Updated on July 01, 2011

COPENHAGEN, DENMARK-The local commercial real estate markets are faring at different degrees, with office slightly up, industrial flat and retail slightly down. However, neighbors Germany and Sweden have seen healthy growth, and exports to these countries are expected to grow and push Denmark into growth as well, according to a recent second quarter report by Colliers International.  

According to the Colliers Status on Denmark report, office vacancy decreased from 8.1% in the first quarter to 7.7%. There are many small and mid-size companies looking to expand, and a number of large companies looking to relocate. However, unemployment still hovers around 6%. Sales are slower than 2010, with properties going on the market that lenders took back on their books to avoid losses.

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