Sweden Office Market Figure Q2 2026

Prime office rents in Stockholm's CBD held steady at SEK 9,500 per sq m, with top rents at SEK 12,000 per sq m. The prime yield was unchanged at 3.9%, whilst CBD vacancy declined to 6.8%, from 7.0% in Q1 2026.

The quarter was defined by Ericsson's decision to move all Stockholm operations from Kista to Hagastaden. Announced in May, the commitment covers around 71,000 sq m of newly signed space with Atrium Ljungberg and Castellum. This takes Ericsson's total Hagastaden footprint to roughly 95,000 sq m, leaving around 123,000 sq m in Kista. The lease with Atrium Ljungberg covers 58,000 sq m over 15 years, and is among the largest office lettings in Sweden to date.Whilst this will support demand in Hagastaden, it is expected to add to already-elevated vacancy in Kista. Based on vacancy levels as of Q2 2026, Kista's rate is estimated to reach 55 to 60% once Ericsson leaves.

In addition, Fastpartner signed two lettings at Tullvaktsvägen on Gärdet, in the former Nasdaq building. Fastpartner let 15,000 sq m to MagasinX, an AI and robotics hub, and agreed to a 6,900 sq m extension for H&M Studios. Skanska let 6,600 sq m to Telenor in the Olivin building in Västra Kungsholmen, which will become Telenor's Swedish headquarters. Together, these deals underline the resilience of Stockholm inner city.