Norrmalm (CBD) (trophy, ~SEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD) is one of 5 Stockholm Class A submarkets we track.

  • Norrmalm (CBD) sits at trophy tier.
  • Average rent SEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD vs city average 8200.
  • Compared submarkets: Östermalm (trophy), Hagastaden (trophy), Solna (Arenastaden & Frösunda) (prime).

Norrmalm (CBD) vs other Stockholm submarkets

Norrmalm (CBD) (trophy, ~SEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD) is one of 5 Stockholm Class A submarkets we track.

TL;DR

  • Norrmalm (CBD) sits at trophy tier.
  • Average rent SEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD vs city average 8200.
  • Compared submarkets: Östermalm (trophy), Hagastaden (trophy), Solna (Arenastaden & Frösunda) (prime).

Side-by-side with peers

**Östermalm** (trophy, SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD) — Embassy and luxury HQ submarket. **Hagastaden** (trophy, SEK 8,500/sqm/yr · ≈ $74.2 PSF/yr USD) — New life sciences and tech trophy frontier. **Solna (Arenastaden & Frösunda)** (prime, SEK 6,500/sqm/yr · ≈ $56.8 PSF/yr USD) — Suburban trophy campus belt. **Kista Science City** (established, SEK 4,500/sqm/yr · ≈ $39.3 PSF/yr USD) — Telecom and tech corridor.

Key facts

cityStockholm
submarketNorrmalm (CBD)
tiertrophy
averageRentLocalSEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD
cityClassARentUsd$72/sqft/yr
cityVacancyPct10.6%

Frequently asked questions

What other submarkets compete with Norrmalm (CBD) in Stockholm?
Östermalm, Hagastaden, Solna (Arenastaden & Frösunda)

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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