Oslo Commercial Real Estate: A Crude Awakening?

Will a fall in global oil prices be kind to Oslo? Black gold has fueled the Norwegian economy over the last half-century generally benefiting Oslo as the capital city and home of the country’s bourse. Yet, the recent oil price crash hasn’t cooled the local economic outlook excessively. In fact, Oslo presents an intriguing case study in the factors defining a successful real estate market: diversified local economy, younger demographics, and limited structural weakness. So how will the Norwegian capital’s office market fare during such tumult? Remarkably well.