Q3 2019 Amsterdam Market Report

Rising occupier demand and less construction activity in Amsterdam in recent years have helped sharply reduce vacancy and rising prices. New supply is limited and often already pre-let. The demand from users for high-quality office space at multimodal locations with a mix of living, working, shopping and recreating remains high, and the lack of these buildings/developments causes rising rents and a lower take-up. Due to insuffi cient supply of big fl oors and big sqm (>3,000 m2) within the “Ring”, organisations are also moving to adjacent locations such as Amstelveen and Hoofddorp or other big city centres as Utrecht Central Station or Rotterdam. The risk of a stronger supply response going forward and the uncertainty about the economy the coming years could undermine office rental growth potential over the coming years.

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