Savills

Publication

City Special Eindhoven

A COMPREHENSIVE OVERVIEW OF THE REAL ESTATE MARKET IN EINDHOVEN.

The latest research report ‘City Special Eindhoven ' contains several conclusions that can be drawn based on the current developments in the real estate market of Eindhoven.


Key findings

  • Eindhoven’s office districts can be divided into 1) campuses, with mostly innovative (technology) companies; 2) districts housing mostly business service providers; and 3) districts housing mostly SMEs.
  • Although innovative (technology) companies are mostly located on the various campuses, they can also be found in and nearby Eindhoven’s Stationsgebied. For innovative companies that do not form part of an OEM production chain, Stationsgebied can offer a suitable home base.
  • Amongst business service providers and campus occupiers, demand for office space stagnated in 2020, but recovered well in 2021. High-quality office space at easily accessible locations remained popular with business service providers. The stagnation in demand amongst campus-based companies can be ascribed to the pandemic and the lack of suitable supply.
  • The average vacancy rate in Eindhoven has fallen sharply in recent years, from around 15% in 2014 to 10.9% at the present moment. Campus locations, especially, are showing comparatively low vacancy rates.
  • Eindhoven still has the greatest sustainability challenge of the G5: 15% of its office stock fails to meet the label C requirement. However, there are large differences between Eindhoven’s various office districts. Stationsgebied and the various campus locations are generally relatively sustainable.
  • Suitable office space is currently under active construction around the campuses and Stationsgebied. Relatively speaking, Eindhoven has the largest new-build pipeline of the G5: the city’s office stock is set to expand by no less than 9.1% in the next few years.

 

Read the publication here.