A COMPREHENSIVE OVERVIEW OF RECENT DEVELOPMENTS IN THE DUTCH REAL ESTATE MARKET.
Now that the pandemic is starting to fade into the background in the Netherlands, it is time to look to the future. Because in addition to the changes brought about by the pandemic, other developments are taking place that will influence the office market in the years to come.
Key findings
- The office provides value added primarily as a breeding ground for interaction and innovation, with the well-being of employees coming increasingly to the fore.
- A high demand for prime offices can be expected in the coming period.
- Any negative effect of working from home on the demand for office space in the Netherlands is expected to be limited.
- Amsterdam's favourable start-up climate and the influx of venture capital will continue to ensure robust demand for flexible office space.
- The growth of successful start-ups may eventually lead to more demand for conventional office space.
- Occupiers consider sustainability to be increasingly important. In Amsterdam, for example, occupiers pay on average €35 per sq m more for an office with energy label A or higher than for an office with a lower score.
- The yield spread between BREEAM-certified office buildings and offices in general has more than doubled in three years to 375 basis points.
- Savills expects these developments to widen the gap between prime and secondary office property.
Read the full Savills Offices Trends Report here.