Total investment in commercial property market in Amsterdam 2013-2019
A high demand for offices in Amsterdam…
Demand for office space in Amsterdam was almost as high as the demand in the three cities of The Hague, Utrecht and Rotterdam combined. In 2017, approximately 350,000 square meters was in demand in the Dutch capital. As the number of office completions could not keep up with the increasing demand, prices in certain Amsterdam districts went up. An office in a prime location in the city’s South Axis district (in Dutch: Zuidas, the Amsterdam business district) on average would cost around 48 U.S. dollars per square feet per year at the end of 2018.
… but less demand for warehouses or logistics property in the capital.
Amsterdam, however, was not the biggest logistics hotspot in the Netherlands. The take-up volume of logistics property in 2018 was highest in cities in the south of the country, such as Venlo (home of Trade Port Venlo Noord, which supplies fashion brands), Eindhoven and Tilburg. Rents for warehouses were lower in these southern cities, reaching 50 and 45 euros per square meter in Roosendaal and Venlo respectively compared to 65 and 95 euros per square meter in Amsterdam and Amsterdam Airport Schiphol.