Figures

Norway Office Market Figures Q4 2025

February 5, 2026 2 Minute Read

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Oslo’s office market closed 2025 on a strong footing, with Q4 take‑up of 220,000 square meters and annual activity surpassing the 10‑year average. Rent growth remained firm, led by a 6.8 percent increase in average rents and stable prime levels.

 

After a muted start to the year, investment activity improved meaningfully in Q4, contributing to NOK 22.9 billion in office transactions for 2025. The prime yield remained at 4.5 percent, supported by a market still dominated by all‑equity buyers amid compressed yield–swap spreads.

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