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Kista business vacancy quadruples since 2019, hits 27%

Economy & businessEconomy
Kista business vacancy quadruples since 2019, hits 27%
Key Points
  • Vacant business premises in Kista have quadrupled since 2019 and now constitute 27% of properties
  • Stockholm City has invested 100 million kronor in revitalization efforts including a property development company
  • Political reactions are mixed with calls for clearer vision and alternative approaches

The Stockholm Chamber of Commerce reports that vacant business premises now constitute 27 percent of Kista's properties intended for companies, up from a lower base in 2019. The trend of increasing vacancies appears to be ongoing, raising concerns about the district's economic vitality. In response, Stockholm City's red-green government has invested 100 million kronor in efforts to make Kista more attractive.

These investments include a municipal property development company, an international football training facility, and expanded safety work. However, it remains uncertain whether this investment will yield results in reducing vacancy levels. Political reactions have been mixed, with Stockholm City opposition councilor Christofer Fjellner (M) arguing that investing in another municipal property company is the wrong approach.

The Stockholm Chamber of Commerce believes the investments are insufficient and that the district needs a clearer vision for the future. Deputy Finance Councilor Anders Österberg (S) states that there is much left to do in the district and welcomes more ideas. Specific measures beyond current investments to reverse the vacancy trend are still unclear, as is how the new municipal property development company will differ from existing city property companies.

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Kista business vacancy quadruples since 2019, hits 27% | Reed News