What is the average Class A rent in Helsinki?

Around 432 EUR/sqft/yr ($470 USD) across the broader Class A index. Trophy submarkets like Etu-Töölö / Kamppi command 20–40% above that.

How many months of rent-free are normal in Helsinki?

8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Helsinki?

The Helsinki Class A market is currently softening. Vacancy is 14.2%, which sets the negotiating context.

Headline Class A rent in Helsinki is around 432 EUR/sqft/yr ($470 USD), with 8 months of typical rent-free on a 5-year term.

Headline Class A rent: 432 EUR/sqft/yr ($470 USD).
Trophy submarket rents (Etu-Töölö / Kamppi) push to roughly €480/sqm/yr · ≈ $48.2 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 14.2% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Helsinki Class A office rents and incentives

Headline Class A rent in Helsinki is around 432 EUR/sqft/yr ($470 USD), with 8 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 432 EUR/sqft/yr ($470 USD).
Trophy submarket rents (Etu-Töölö / Kamppi) push to roughly €480/sqm/yr · ≈ $48.2 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 14.2% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Helsinki are quoted in EUR per sqft per year. Across the broad Class A index the figure is 432, but the trophy tier in Etu-Töölö / Kamppi reaches roughly €480/sqm/yr · ≈ $48.2 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Helsinki concessions on a 5-year Class A lease run to 8 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Finnish corporate tax of 20%. 24% VAT (rising to 25.5% in 2025). Helsinki municipal tax. Combined effective rate near 20%.

Where rents land by submarket

Etu-Töölö / Kamppi sits at the top end (~€480/sqm/yr · ≈ $48.2 PSF/yr USD). Pasila / Tripla clears around €504/sqm/yr · ≈ $50.6 PSF/yr USD as the prime tier. The full submarket map is on the Helsinki city page.

Key facts

city	Helsinki
country	Finland
region	EMEA
classARentLocal	432 EUR/sqft/yr
classARentUsd	$470/sqft/yr
vacancy	14.2%
typicalLeaseYears	5
typicalRentFreeMonths	8
submarkets	5
primeYieldPct	5%
trophyRent	€480/sqm/yr · ≈ $48.2 PSF/yr USD
primeRent	€504/sqm/yr · ≈ $50.6 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Helsinki?: Around 432 EUR/sqft/yr ($470 USD) across the broader Class A index. Trophy submarkets like Etu-Töölö / Kamppi command 20–40% above that.
How many months of rent-free are normal in Helsinki?: 8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Helsinki?: The Helsinki Class A market is currently softening. Vacancy is 14.2%, which sets the negotiating context.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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