Q3 2019 The Hague Market Report

The polarisation of the The Hague office market will further increase in Q4 2019. Desirable locations may experience shortages of high-quality offices as a consequence of various redevelopment plans and the stagnation of new developments. Even outside the popular locations, the current boom will lead to an increase in demand for high-quality offi ce space. The difference with less desirable offices, however, will only increase as the rentability of these buildings is low. Furthermore, the low rents in these areas reduce the option of large-scale renovation. This type of real estate is overrepresented in Zoetermeer, Rijswijk and surrounding areas of The Hague.

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