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Newly constructed office space compared to total in the Netherlands 2006-2017

Newly constructed office space compared to the total number in the Netherlands from 2006 to 2017 (in 1,000 square meters)

by Raynor de Best, last edited Sep 13, 2019
Newly constructed office space compared to total in the Netherlands 2006-2017 As of 2017, nearly 400,000 square meters of office space was newly constructed, leading to a total office space of approximately nearly 48 million square meters. The source includes in the total number of office space both empty as well as used office space. The same goes for offices that are still under construction. The office buildings used in the research are 500 square meters and larger.
The number of office completions does not keep up with the increasing demand on the office real estate market. Indeed, most European cities witness their vacancy space decrease, due to the higher level of transactions combined with modest levels of new construction. Two percent of the available office accommodation in Amsterdam in 2016, for instance, was accounted for by new construction.
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Newly constructed office space compared to the total number in the Netherlands from 2006 to 2017 (in 1,000 square meters)

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