Average rent of office space in the Netherlands 2007-2015
What is the average rent for an office in the Netherlands? In Amsterdam, office space would cost around 205 euros per square meter in 2017. Up until 2015, a national average of existing, excluding newly constructed, office space (which is shown in this ranking) was available. However, from 2016 onwards this number is not available anymore as the source changed its focus to the office markets in individual Dutch cities.
Prices for prime office rents vary per city
Prime office rents in or around Amsterdam rank among the highest in the Netherlands. The most expensive prime office rents are paid around the South-Axis (in Dutch: Zuidas, the business district) and Central districts of the Dutch capital. Prices in Amsterdam were followed by prices in the city of Utrecht: prime locations in this city were around 30 U.S. dollars per square feet per year. Prices in Eindhoven in the south of the country were considerably lower: a prime office here would cost around 20 U.S. dollars per square feet per year.
Office supply decreases
The increasing office rents are probably connected to a decrease in office supply. Approximately 4.2 million square meters of office space was on offer in the Netherlands in early 2019, the lowest number since 2011. This is much like developments in the rest of Europe: office vacancy decreases due to a higher level of transaction and modest levels of new construction. Supply of office space in the cities of Amsterdam, Rotterdam and Utrecht all decreased between 2018 and 2019. A notable exception in this development is the city of The Hague, which saw a slight increase in the second half of 2018.
Prices for prime office rents vary per city
Prime office rents in or around Amsterdam rank among the highest in the Netherlands. The most expensive prime office rents are paid around the South-Axis (in Dutch: Zuidas, the business district) and Central districts of the Dutch capital. Prices in Amsterdam were followed by prices in the city of Utrecht: prime locations in this city were around 30 U.S. dollars per square feet per year. Prices in Eindhoven in the south of the country were considerably lower: a prime office here would cost around 20 U.S. dollars per square feet per year.
Office supply decreases
The increasing office rents are probably connected to a decrease in office supply. Approximately 4.2 million square meters of office space was on offer in the Netherlands in early 2019, the lowest number since 2011. This is much like developments in the rest of Europe: office vacancy decreases due to a higher level of transaction and modest levels of new construction. Supply of office space in the cities of Amsterdam, Rotterdam and Utrecht all decreased between 2018 and 2019. A notable exception in this development is the city of The Hague, which saw a slight increase in the second half of 2018.
