2025-03-26-莱坊-Dutch_Office_Market_Report_2025_4页_5mb

Dutch Office Market Report 2025

Dutch real estate consultancy Knight Frank has released the latest office market trends for the Randstad region, covering Amsterdam, The Hague, Rotterdam, and Utrecht for 2024 and projections for 2025.

Amsterdam

In 2024, demand for office space declined, with total take-up reaching nearly 990,000 sq m, about 180,000 sq m less than the previous year. While large deals were less frequent, key tenants remained active. Amsterdam Center and the Southeast district remained popular. The South Axis saw record-low demand (under 22,000 sq m). Overall availability dropped but vacancy rates stayed historically low in the city center and South Axis. Rent ranges vary significantly by district.

The Hague

The Hague saw robust demand driven by a few large transactions, notably the Central Government Real Estate Agency leasing 77,000 sq m. Take-up increased by 70% year-on-year. High interest focused on spaces between 200-500 sq m within the city center, Beatrixkwartier, and Binckhorst districts. Vacancy dropped to 5.8% (down from 7.2%). Leases over 500 sq m were also strong, requiring new development.

Rotterdam

Rotterdam’s market remained strong, with take-up nearly 87,000 sq m, accounting for most (approx. 85%) of the region’s activity. Strong demand occurred across various zones. Key drivers included Unilever’s new lease and Capabel Onderwijs. City center vacancy remains high (~223,000 sq m) despite strong overall activity. Amenities in the Alexander district and Kop van Zuid saw growth. Availability stayed around 12.3%.

Utrecht

Utrecht experienced surprisingly strong demand, with total take-up of 115,000 sq m, largely driven by the city itself, especially Utrecht Central Station area (over 70,000 sq m). Major deals involved investors like PGGM (27,000 sq m) and De Volksbank (22,000 sq m). Activity also increased in Rijnsweerd office park. While vacancy decreased slightly, Utrecht City center and Rijnsweerd saw significant vacancy drops. Availability fell slightly to 9.3%.

In summary for 2024-Dutch Office Market Report Overview for Randstad Cities

• Amsterdam: Overall activity and take-up decreased slightly compared to 2023. Demand shifted towards smaller spaces (200-1000 sq m). Availability fell slightly despite small deals. Vacancy remained low but peaked slightly in some areas.
• The Hague: Showed strong growth led by large transactions (e.g., Central Government Agency). Center vacancy dropped significantly, but other areas like Binckhorst were active. Availability decreased notably.
• Rotterdam: Market remained active, especially city-wide and in the Brainpark/Schiedam. City center vacancy remains a challenge, but take-up overall was high. Availability stayed relatively steady.
• Utrecht: Experienced a strong performance and increase in demand, the highest year-on-year rise. High absorption driven by city center and investors. Vacancy decreased considerably.