# Oslo Class A office rents and incentives

> Headline Class A rent in Oslo is around NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD, with 8 months of typical rent-free on a 7-year term.

**Canonical URL:** https://classa.info/cities/oslo/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD.
- Trophy submarket rents (Bjørvika) push to roughly NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD.
- Typical concessions on a 7-year deal: 8 months free rent.
- Vacancy stands at 6.4% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Oslo
- **country**: Norway
- **region**: EMEA
- **classARentLocal**: NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD
- **classARentUsd**: $50/sqft/yr
- **vacancy**: 6.4%
- **typicalLeaseYears**: 7
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **primeYieldPct**: 4.6%
- **trophyRent**: NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD
- **primeRent**: NOK 420/sqm/yr · ≈ $39 PSF/yr USD

## FAQ
### What is the average Class A rent in Oslo?
Around NOK 540/sqm/yr · ≈ $50.2 PSF/yr USD across the broader Class A index. Trophy submarkets like Bjørvika command 20–40% above that.

### How many months of rent-free are normal in Oslo?
8 months on a 7-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Oslo?
The Oslo Class A market is currently rising. Vacancy is 6.4%, which sets the negotiating context.

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Citation: Source: Class A Atlas (https://classa.info/cities/oslo/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.