Retail 2023

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Savills Industrial Market Indicator ranks the top 15 business parks in the Netherlands

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Contacts & Related Research

A clear overview of the often overlooked opportunities in the complex world of industrial real estate in the Netherlands

In recent years, logistics has dominated investor interest and was the largest sector by investment volume in the Netherlands in 2022. However, according to Savills, the traditional industrial sector, presents excellent opportunities for investors. The sector encompasses heavy industrial as well as light industrial, with light industrial split into single- and multi-let assets, covering approximately 160 million square metres of floor space in the country, excluding large logistics buildings.

Key findings

  1. Dutch industrial real estate (excl. logistics) stands out with a low vacancy rate of 1.9%, significantly lower than offices, retail, and logistics. All the while, the total stock in sq. m is by far the largest with approx. 160 million sq. m of floor space.
  2. The report reveals that industrial real estate investment volumes reached record highs in 2022 as investors recognised the sector's strong fundamentals and favourable pricing compared to other asset classes. However, this asset class remains relatively unknown to many investors with still a lower investment volume compared to offices, retail and logistics.
  3. This shows that there is a need for a thorough analysis of its dynamics, and what defines as a successful location where industrial real estate is found.
  4. As such, Savills has developed the Savills Industrial Market Indicator, to assist investors in evaluating industrial real estate locations. It ranks Dutch business parks based on various data points, including market dynamics, quality of stock, spatial characteristics, and relevant local economic factors.

"The Savills Industrial Market Indicator is a guide that assists investors with identifying the best opportunities and locations in the Dutch industrial real estate market. Our in-depth analysis offers investors a unique opportunity to explore this often overlooked sector and capitalise on its strong fundamentals and favourable pricing.

Niek Poppelaars, Co-Head Logistics & Industrial