Copenhagen warehouses: is a 5.3% move after 89 days meaningful?

[FirstLedger]

I need to set an offer ceiling without treating a thin data set as a rule for the whole city. The Copenhagen warehouse listings I found range from DKK 3,644,000 to DKK 5,466,000, with roughly 89 days of marketing and an observed movement of -5.3%.

Condition varies enough to complicate that figure, and I have not yet separated asking-price reductions from asking-to-sale differences. Would you use any of the 5.3% in an opening offer, or first split the evidence by completed, active and withdrawn listings? I am also wondering whether tightly drawn neighbourhoods, the flow of new listings and signs of seller motivation matter more than financing pressure here.

 

[calm_meter]

Financing pressure usually shows up indirectly: buyers lower what they can offer rather than negotiate a separate financing allowance. But what does the 5.3% represent here—asking-price cuts, or differences between asking and completed sale prices? Also, if withdrawn stock is excluded, 89 days may understate how long sellers are really testing the market.

 

[fair_bridge]

Anika’s distinction is the key one, but I’d also resist applying one percentage across Copenhagen. A warehouse needing substantial work is not comparable with one ready for occupation, and neighbourhood boundaries can distort a small sample.

I’d separate recent completed sales from active and withdrawn listings, then note when each price cut occurred. If reductions cluster after roughly 89 days while new-listing volume is rising, that suggests seller motivation; otherwise the -5.3% may mostly be a condition effect.