--- title: "Östermalm, Stockholm — Class A submarket" description: "Embassy and luxury HQ submarket." canonical: https://classa.info/cities/stockholm/ostermalm pageType: neighborhood lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Östermalm is a trophy-tier Class A submarket of Stockholm with average asking rent around SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD. ## TL;DR - Embassy and luxury HQ submarket. - Trophy tier — ~SEK 9,200/sqm/yr. - Active Class A leasing market with deal flow across major broker desks. # Östermalm, Stockholm — Class A submarket *Embassy and luxury HQ submarket.* · Tier: trophy · Avg rent: SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD ## TL;DR - Embassy and luxury HQ submarket. - [Trophy tier](/topics/trophy-asset-selection) — ~SEK 9,200/sqm/yr. - Active [Class A](/glossary/class-a) leasing market with deal flow across major broker desks. ## Overview Östermalm anchors Stockholm's embassy quarter and luxury HQ market — finance, family offices, and consulting in low-rise heritage Class A and selective new construction. ## Tenant profile Family offices, banking, consulting, luxury brand HQs. ## Typical specification 15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common. ## Transit Östermalmstorg, Stadion (T-bana Red Line). Multi-modal transit captures the metro's principal professional catchment. ## Amenities Östermalmstorg, Stureplan, Strandvägen. ## Comparable buildings - **Strandvägen 5** [](https://www.google.com/maps/search/?api=1&query=Strandv%C3%A4gen%205%2C%20Strandv%C3%A4gen%205%2C%20114%2051%20Stockholm%2C%20%C3%96stermalm%2C%20Stockholm%2C%20Sweden&query_place_id=EixTdHJhbmR2w6RnZW4gNSwgNSwgMTE0IDUxIFN0b2NraG9sbSwgU3ZlcmlnZSIdGhsKFgoUChIJCxasQFqdX0YRQ0b6UcHqCPwSATU) - **Sturegatan 38** [](https://www.google.com/maps/search/?api=1&query=Sturegatan%2038%2C%20Sturegatan%2038%2C%20114%2036%20Stockholm%2C%20%C3%96stermalm%2C%20Stockholm%2C%20Sweden&query_place_id=EixTdHVyZWdhdGFuIDM4LCAzOCwgMTE0IDM2IFN0b2NraG9sbSwgU3ZlcmlnZSIeGhwKFgoUChIJjeUagkOdX0YRa0dvhvmjEk4SAjM4) - **Östermalmstorg 1** [](https://www.google.com/maps/search/?api=1&query=%C3%96stermalmstorg%201%2C%20%C3%96stermalmstorg%201%2C%20114%2042%20Stockholm%2C%20%C3%96stermalm%2C%20Stockholm%2C%20Sweden&query_place_id=Ei_DlnN0ZXJtYWxtc3RvcmcgMSwgMSwgMTE0IDQyIFN0b2NraG9sbSwgU3ZlcmlnZSIdGhsKFgoUChIJa_M8KludX0YRbUiPZu_cVVcSATE) ## Where Östermalm sits in Stockholm Östermalm is one of 5 Class A submarkets we cover in Stockholm, classified as trophy tier with an average asking rent around SEK 9,200/sqm/yr · ≈ $80.3 PSF/yr USD. Compared with the broader Stockholm Class A stock, Östermalm typically attracts Family offices, banking, consulting, luxury brand HQs and competes most directly with the city's other trophy submarkets on building specification, transit access, and [amenitisation](/glossary/amenitisation). Adjacent submarkets to study alongside Östermalm: [Norrmalm (CBD)](/cities/stockholm/norrmalm-cbd), [Hagastaden](/cities/stockholm/hagastaden), [Solna (Arenastaden & Frösunda)](/cities/stockholm/solna), [Kista Science City](/cities/stockholm/kista). The full Stockholm submarket atlas is at [/cities/stockholm](/cities/stockholm). ## Topic deep-dives for Östermalm For an institutional Class A occupier evaluating Östermalm, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket: - [Östermalm — ](/cities/stockholm/ostermalm/rents-and-availability) - [Östermalm — ](/cities/stockholm/ostermalm/tenant-profile) - [Östermalm — ](/cities/stockholm/ostermalm/transit-and-commute) - [Östermalm — ](/cities/stockholm/ostermalm/amenity-and-lifestyle) - [Östermalm — ](/cities/stockholm/ostermalm/trophy-and-comparables) - [Östermalm — ](/cities/stockholm/ostermalm/fit-out-and-spec) ## Related glossary Terminology specific to Stockholm Class A leasing and to the trophy tier: [Class A](/glossary/class-a), [Trophy asset](/glossary/trophy-asset), [Effective rent](/glossary/effective-rent), [Concession package](/glossary/concession-package), [TI allowance](/glossary/ti-allowance), [Submarket tier](/glossary/submarket-tier). ## Editorial provenance Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office [fit-out](/topics/fit-out-capex)">fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/stockholm/ostermalm), updated 2026-04-15T00:00:00.000Z.