Norway: prime rents industrial property 2021

The prime rent for leased industrial properties increased during the first half of 2021, compared to the first half of 2020. The rental price for warehouses during the first half of 2021 was 11.5 euros per square meter per month, and nine euros per square meter per month for logistic and distribution space.

Prime rental prices of leased industrial properties in Oslo from 1st half 2019 to 1st half 2021 (in euros per square meter per month)

Characteristic	Warehouses	Logistics and distribution
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Release date

August 2021

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Region

Norway

Survey time period

H1 2019 and H1 2020

Supplementary notes

The figures have been taken from several publications

Currency Rates (30/06/2021 - ECB): 1 EUR=10.17 NOK Source mentions the following definitions:

'CITY WAREHOUSE SPACE: The Prime Warehouse Headline Rent represents the top open-market tier of rent that could be expected for a unit of standard size commensurate with demand for units up to 3,000 sq m, of the highest quality and specification (Grade A) in the best location in the market at the survey date. Warehouse Units would typically be 1,000 sq m- 2,999 sq m with up to 15% office space, the balance being general warehousing/logistics/distribution space ith at least 6 to 10 metre ceiling heights.'

'LOGISTICS & DISTRIBUTION SPACE: The Prime Log&Dist Headline Rent represents the top open-market tier of rent that could be expected for a unit of standard size commensurate with demand for units over 3,000 sq m or greater, of the highest quality and specification (Grade A) in the best location in the market at the survey date. Warehouse Units would typically include up to 10% office space, the balance being general warehousing/logistics/distribution space with at least 6 to 12 metre ceiling heights. All loading is dock-height.'

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