New Lettings (SEK/m²) shows the average rent level, measured in Swedish kronor per square metre (SEK/m²), for new lettings whose contracts were signed during the selected period. The value is calculated based on the annual rent and area stated in the contracts at the time of signing, providing a normalised measure of the price level achieved in new lettings transactions.
The metric enables comparisons of rent levels regardless of contract size and is particularly valuable for understanding where the market stands and how well the property positions itself in competition for tenants.
How is it calculated?
Total annual rent for all new lettings whose contracts were signed during the period, divided by the total leased area (m²) for the same contracts, based on values at the contract start date.
Why is it important to follow?
The following are some reasons why it is important to follow the KPI:
- Rent level trending:SEK/m² for new lettings is the most important measure for understanding whether rent levels are moving up or down over time and relative to the existing portfolio.
- Market positioning:Shows how the property is priced relative to the market and competitors, providing a basis for adjusting the leasing strategy.
- Qualitative deal analysis:Enables assessment of whether new lettings are being signed at the right price level, regardless of contract volume in SEK or square metres.
- Valuation input:Average rent levels from new lettings are used as market rent in cash flow models and property valuations.
- Internal benchmarking:Enables fair comparison of new letting rent levels across different properties, sub-markets, and time periods.
Example of data source
Definition
Total annual rent for all new lettings whose contracts were signed during the period, divided by the total leased area (m²) for the same contracts, based on values at the contract start date.
LEB
Hogia DinHyresvärd
Vitec Hyra & Teknisk förvaltning
Momentum Fastighet
Fast2
Aaeron Incit Xpand
Pigello
Unit4 PM
