Östermalm (trophy, ~SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD) is one of 5 Stockholm Class A submarkets we track.

  • Östermalm sits at trophy tier.
  • Average rent SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD vs city average 8200.
  • Compared submarkets: Norrmalm (CBD) (trophy), Hagastaden (trophy), Solna (Arenastaden & Frösunda) (prime).

Östermalm vs other Stockholm submarkets

Östermalm (trophy, ~SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD) is one of 5 Stockholm Class A submarkets we track.

TL;DR

  • Östermalm sits at trophy tier.
  • Average rent SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD vs city average 8200.
  • Compared submarkets: Norrmalm (CBD) (trophy), Hagastaden (trophy), Solna (Arenastaden & Frösunda) (prime).

Side-by-side with peers

**Norrmalm (CBD)** (trophy, SEK 8,800/sqm/yr · ≈ $76.8 PSF/yr USD) — Stockholm's trophy core. **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
submarketÖstermalm
tiertrophy
averageRentLocalSEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD
cityClassARentUsd$72/sqft/yr
cityVacancyPct10.6%

Frequently asked questions

What other submarkets compete with Östermalm in Stockholm?
Norrmalm (CBD), 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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