A comprehensive guide to office prices in Oslo
Get a comprehensive overview of office prices in Oslo, compare different areas and standards, and pick up useful tips for finding the right space for your business.
Homni Teamet
Understanding office prices in Oslo is critical for any business looking to set up or expand in the capital's commercial market. Oslo offers a wide range of offices — from premium spaces in the city centre to more affordable alternatives further from the core. But how do you navigate the landscape, and what should you consider when looking at office leases in Oslo?
Below we give you a thorough overview of current office prices across different areas, drawn from Union's latest market report, along with tips on what to keep in mind when choosing a space. The aim is to give you a solid foundation for finding the right space, at the right price, in the right area.
Office prices across Oslo's areas
Office prices in Oslo vary significantly with location and the standard of the space. Below is an overview of prime, high-standard and moderate-standard rents across different areas. Prices are in NOK per square metre (sqm) per year.
| Area | Prime rent | High standard | Moderate standard |
|---|---|---|---|
| CBD | NOK 6,700 | NOK 6,200 - 5,200 | NOK 3,500 |
| Bjørvika | NOK 5,500 | NOK 5,000 - 4,200 | NOK 3,200 |
| Rest of city centre | NOK 5,300 | NOK 4,500 - 3,700 | NOK 2,600 |
| Inner west | NOK 4,800 | NOK 4,200 - 3,400 | NOK 2,000 |
| Inner east | NOK 3,900 | NOK 2,900 - 2,300 | NOK 1,600 |
| Inner north | NOK 2,700 | NOK 2,300 - 2,000 | NOK 1,500 |
| Skøyen | NOK 4,200 | NOK 4,000 - 3,000 | NOK 2,500 |
| Bryn/Helsfyr | NOK 3,000 | NOK 2,800 - 2,200 | NOK 1,400 |
| Økern, Hasle, Løren & Ulven | NOK 2,800 | NOK 2,400 - 2,000 | NOK 1,400 |
| Lysaker | NOK 3,100 | NOK 2,700 - 2,200 | NOK 1,700 |
| Asker & Bærum | NOK 2,700 | NOK 2,200 - 1,800 | NOK 1,300 |
| Nydalen | NOK 3,100 | NOK 2,800 - 2,200 | NOK 1,600 |
* From Union's market report
What drives office rents in Oslo?
Location
Location plays a central role in price levels. CBD and Bjørvika are among the most expensive areas for office leases in Oslo, thanks to proximity to public transport, restaurants, cultural offerings and networking opportunities. The more central and sought-after the area, the higher the prices.
Standard and quality
The standard of the space, its amenities and technical solutions all affect price significantly. Prime rents are typically tied to modern, recently refurbished offices with strong space efficiency, good ceiling height, good light and access to shared amenities. A more affordable option at moderate standard may be a better fit for businesses on tighter budgets, or for those who want flexibility to upgrade later.
Size and scalability
Your space needs affect the final price. Smaller businesses can manage with compact spaces in central areas, while larger organisations often look for roomier spaces tailored to growth. Striking the right balance between price per square metre and total rent is important to avoid overcapacity or running out of space later.
Market trends and contract terms
Price development in Oslo is also driven by market demand, new construction, vacancy rates and broader economic trends. Flexible leases that allow you to adjust your footprint over time can be a good idea for growing businesses, and lease negotiations can help secure better terms.
How to find the right office in Oslo
Define your needs
Before you start searching, be clear on how central you want to be, how much space you need and what your budget is. That makes it easier to filter out irrelevant options and focus on alternatives that genuinely fit your company.
Use a platform that simplifies the hunt
Digital platforms like Homni let you compare prices, standards and locations across different offices in Oslo. Homni helps you find attractive options based on your criteria, so you quickly get an overview of the market and can make informed decisions.
Consider total economics
Don't just look at the price per square metre — also consider operating costs, service charges, parking, public transport, and the surrounding environment. A slightly cheaper office a bit further out can still be the best choice if it gives employees a good and inspiring workplace.
Room to negotiate
Even though rents may look fixed, there's often room to negotiate. Longer contracts, rent-free start-up periods, or fit-out adjustments can all help secure a better deal.
Summary
Oslo offers a broad range of office prices — from high-cost areas in CBD and Bjørvika to more budget-friendly alternatives in Inner east, Inner north and out toward the suburbs. The choice of office shouldn't be driven by price alone, but also by your strategy, needs and culture. Location, standard, flexible terms and total economics are all factors to weigh when finding the right office.
With good planning, the right advice and digital tools like Homni, you can navigate the Oslo office market more effectively. That improves your chances of finding an office that fits both your budget and your team's growth and wellbeing over time.