Q2 2020 Netherlands Market Report

Vacancy has been declining for the last four years. Especially grade A office spaces in the CBD’s of major cities, including Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven is in demand. This has led to a landlord’s market with little room for negotiation on terms and conditions. Rents have been increasing for the last four years.

Tenants with space requirements of 5,000 m² and above will struggle, with little to no readily available top-quality office space. For tenants that can plan long-term, there are sufficient new-build opportunities in the coming years.

As a result of the Covid-19 outbreak many organizations are reconsidering their workplace and location strategies – including a more permanent work-from-home policy. The impact of Covid-19 is as yet unclear.

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