Total supply of office space in the Netherlands 2011-2020

For years in a row, the supply of office space in the Netherlands decreased, declining by around 50 percent in a few years. The source defines 'lettable floor area' as a measurement of the total occupiable floor space taken from the inside surfaces of the exterior walls and/or the mid-line of any shared walls and excludes areas such as common stair wells, toilets, lift lobbies and vertical service ducts. In January 2020, the total office space supply numbered approximately 2.9 million square meters.
Many European cities witness their office 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.