Property Investor Confidence Index

This report, compiled with insights gathered from September 6th to 13th, paints a rather bleak outlook for the upcoming six months. Survey results reveal a mixed perspective on occupier demand across major segments. While demand is expected to remain stable within the logistics/industrial sector, it is projected to deteriorate in the retail sector, with opinions on office demand split. Furthermore, despite ongoing yield decompression since Q3 2022, the majority of investors anticipate this trend to persist across all major segments. Despite these challenges on the horizon, a slight majority of investors plans to expand their portfolios further. However, it’s noteworthy that the share of respondents aiming to maintain their portfolio size has increased.

This edition of the survey delves into investors’ expectations regarding vacancy development. As demand for decentralized offices weakens, we aim to understand investors’ outlook on how Stockholm’s office vacancy will evolve outside of the Inner City. Additionally, we explore their expectations for the overall vacancy rate within the logistics segment, especially in light of the unprecedented volume of speculative developments expected to enter the market this year.