Is Oslo Worth Building a Padel Center In?

As of November 2026, Padelnomics counts 7 padel clubs in Oslo, Norway, or 3.5 padel courts per 100,000 residents, in a city of about 1,083,000 residents. Its Padelnomics Score, our rating of the opportunity for a new club, is 99 out of 100. Source: Padelnomics, from booking platforms, public map data and official population statistics.

Padel Venues
7
padelnomics Score
99.0/100
Courts/100K
3.5
Population
1.1M
Key takeaway: Oslo is a standout investment opportunity — strong demand signals, meaningful supply gaps, and unit economics that support new builds.

Yes — Oslo ranks among the most promising locations in Norway with a padelnomics Score of 99.0/100. This page breaks down what a padel investment in Oslo costs, what it returns, and how the local market compares — with a financial model you can adjust to your scenario.

The question that matters: given current pricing, occupancy, and build costs, what does a padel investment in Oslo actually return? The financial model below uses the national court prices and occupancy for Norway and the country's build costs; the figures measured in Oslo itself are in Research.

What Does a Padel Investment Cost in Oslo?

On national figures for Norway, here is what a padel center investment in Oslo looks like:

Oslo, NO Investment Breakdown
Item Amount Detail
Padel Courts NOK 2,030,000 7×dbl + 0×sgl
Shipping NOK 140,800
Floor Preparation NOK 120,000
HVAC Upgrade NOK 200,000
Lighting Upgrade NOK 100,000
Fit-Out & Reception NOK 390,000
Permits & Compliance NOK 190,000
Equipment NOK 48,140
Working Capital NOK 150,000
Miscellaneous NOK 70,500
Contingency (10%) NOK 343,944
Total CAPEX NOK 3,783,384
Per Court NOK 540,483
Per m² NOK 1,810
LTV 0%
Equity NOK 3,783,384
Loan NOK 0
Total NOK 3,783,384

Construction costs vary significantly depending on whether you build an indoor or outdoor facility. Indoor halls in Norway run considerably higher — structural build, ventilation, and lighting drive the cost. Outdoor courts are cheaper to construct but limit your operating season and revenue potential. The number of courts is the single biggest lever on total investment: each additional court lowers the per-court cost, but increases your total capital at risk.

Revenue Potential in Oslo

Oslo, NO Revenue & Operating Costs

Revenue Model

Weighted Rate NOK 338/hr
Utilization Target 20%
Booked Hours/mo 650

Monthly OPEX

Item Monthly Detail
Rent NOK 83,600 2090m² × NOK 40/m²
Insurance NOK 4,750
Electricity NOK 4,250
Heating NOK 4,750
Water NOK 1,250
Maintenance NOK 4,500
Cleaning NOK 4,500
Marketing / Software / Misc NOK 5,250
Staff NOK 80,500 7 × NOK 11500
Total Monthly OPEX NOK 193,350

Monthly Summary

Gross Revenue NOK 276,468
Booking Fees −NOK 21,956
Net Revenue NOK 254,512
Operating Costs −NOK 193,350
EBITDA NOK 61,162
Debt Service NOK 0
Net Cash Flow NOK 61,162

Revenue depends on three factors: court rental pricing, occupancy rates, and ancillary income (coaching, retail, food & beverage). Utilisation swings sharply by time of day and season — evenings and weekends tend to run at or near capacity, while weekday mornings and afternoons have idle courts. Per-venue median hourly rates, booked occupancy over time, and the spread across facilities are part of Padelnomics Research — the inputs above are calibrated from that data.

Financial Returns

Oslo, NO Returns & Financing

Return Metrics

IRR (5yr) 17.5%
MOIC 2.04x
Payback N/A
Cash-on-Cash 20.2%
Yield on Cost 21.0%
EBITDA Margin 24%

Exit Analysis

Exit Value (6.0x EBITDA) NOK 4,766,632
Remaining Loan NOK 0
Net Exit NOK 4,766,632

Financing

Loan Amount NOK 0
Rate / Term 5.0% / 10yr
Monthly Payment NOK 0

The return metrics above show how quickly your investment pays back and what long-term return you can expect. IRR (Internal Rate of Return) is the key metric — it accounts for the time value of money and lets you compare against alternative investments like real estate or equities. A payback period under 5 years is considered solid in the padel industry. These numbers use national figures for Norway. Adjust the assumptions in the planner to model your specific scenario.

Adjust these numbers for your own plan → Model it in the Planner

Market Context

At 3.5 courts per 100K residents, Oslo has moderate padel coverage. There is proven demand, but room for new facilities — particularly in underserved areas of the city or with a differentiated offering.

Padel is growing rapidly across Europe — many markets are seeing venue counts double within a few years. The sport's relatively low barriers to entry (less space than tennis, faster learning curve for players) continue to drive expansion.

Oslo Market Overview

Metric Value
Courts 38
Courts per 100K residents 3.5
Venues 7
Venues per 100K residents 0.7
padelnomics Score 99.0/100
Data Confidence 100%

FAQ

Is Oslo a good location for a padel center?

Oslo scores 99.0/100 on the padelnomics Score, which evaluates investment potential based on supply gaps, catchment reach, market maturity, and sports culture. A score above 65 signals strong investment potential: meaningful catchment area, supply gaps, and a sports-oriented population. Use the Padelnomics planner to model your specific assumptions.

What is the return on investment for a padel center in Oslo?

ROI depends on build cost, court count, pricing, and occupancy assumptions. The defaults in the model above are calibrated from current market and booking data for Oslo; the specific city- and venue-level inputs (median rates, per-venue occupancy, price trends) are part of Padelnomics Research. Adjust the inputs in the planner to see how your scenario compares.

How much does it cost to build a padel center in Oslo?

Total investment depends on venue type (indoor vs outdoor), land costs, and local construction standards in Norway. Typical benchmarks: an indoor court costs around NOK 290,000 for court equipment plus building and fit-out; outdoor courts are significantly cheaper. Use the financial planner for a detailed Oslo cost breakdown.

How many padel courts are there in Oslo?

Oslo has 38 padel courts across 7 venues. With a population of 1.1M, that translates to 3.5 courts per 100,000 residents.

What are typical padel court rental prices in Oslo?

Padel prices in Oslo vary between peak and off-peak hours, indoor vs outdoor facilities, and facility quality. City- and venue-level medians, P25–P75 spreads, and occupancy rates are part of Padelnomics Research — the inputs in the financial model above are calibrated from that data.

How does Oslo compare to other Norway cities?

Oslo's padelnomics Score of 99.0/100 reflects its investment potential among tracked Norway cities. See the Norway market overview for a full comparison across cities.

Ready to run the numbers for Oslo? → Build your business plan

Two questions worth settling first: how many courts fit on your plot? · will the site get permitted?


More Norway padel markets: Norway overview