• Amsterdam, Rotterdam, The Hague, Utrecht: total take-up of office space

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The total take-up of office space in Amsterdam, Rotterdam, The Hague and Utrecht (Netherlands) from 2012 to 2019 (in thousand square meters of lettable floor area) varied. In 2019, approximately 366,000 square meters were taken up in Amsterdam. The performance of the European office real estate market is strongly connected to the development of its domestic economies. As the economy of the European Union has shown signs of recovery, more and more companies showed their readiness to pay the right price for a new office building. Indeed, in the first quarter of 2016 approximately 43 percent of the European real estate transaction volume consisted of transactions in office properties, reaching a total transaction volume of approximately 20.6 billion euros.

Total take-up of office space in Amsterdam, Rotterdam, The Hague and Utrecht (Netherlands) from 2012 to 2019 (in 1,000 square meters of lettable floor area)

Characteristic	Amsterdam	Rotterdam	The Hague	Utrecht
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Source

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Source

Release date

2020

More information

Region

Netherlands

Survey time period

2012 to 2019

Supplementary notes

The figures have been taken from several publications.

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.

The numbers provided are as of January 1st of each year and include transactions of offices spaces with a minimum lettable floor area of 250 square meters in Amsterdam, Rotterdam, The Hague and Utrecht. Investment transactions or offices which are to be 'transformed' in residential real estate are excluded from these figures. Transactions are registered in the year both parties reach an agreement.