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Randstad Office Market 2015 State of Affairs Amsterdam Region

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Randstad Office Market 2015 State of Affairs Amsterdam Region RANDSTAD OFFICE MARKET 2015 STATE OF AFFAIRS AMSTERDAM REGION TRENDS IN OFFICE TAKE-UP PER DISTRICT 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 H1 m2 Amsterdam Centre 93,500 71,000 39,500 26,000 32,500 46,500 53,500 57,000 44,000 9,500 Amsterdam Sloterdijk-Teleport 21,000 35,000 33,500 13,500 7,500 11,500 2,500 15,500 16,000 32,000 Amsterdam West 50,500 55,500 24,000 22,500 17,000 19,500 13,000 10,000 14,000 1,000 Amsterdam South Axis 94,500 36,500 35,500 46,000 75,500 26,500 37,000 57,500 34,000 11,000 Amsterdam Southeast 45,500 71,500 65,500 37,500 39,000 66,000 75,000 13,500 53,000 38,000 Amsterdam North 14,500 16,500 16,500 - 2,500 1,500 5,500 2,000 - - Amstelveen 72,500 22,500 4,000 14,500 8,500 8,000 12,500 13,500 11,000 3,000 Diemen 24,500 2,500 6,000 - 500 5,000 - 5,500 8,000 - TRENDS IN OFFICE SUPPLY PER DISTRICT 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 H1 m2 Amsterdam Centre 130,500 136,000 109,000 136,000 150,500 135,500 168,500 152,500 142,000 119,000 Amsterdam Sloterdijk-Teleport 170,500 181,000 160,000 178,000 204,000 182,500 229,000 230,000 218,000 172,000 In the first six months of 2015, the office market in the will see some serious change as from 2017. Even though Amsterdam West 195,000 207,500 186,000 208,000 164,000 184,000 187,500 149,000 155,500 152,500 Amsterdam region moved in a positive direction, one of the expansion and tunnelling of the southern ring road Amsterdam South Axis 184,500 194,000 147,500 131,000 91,500 81,500 72,000 70,500 131,000 132,000 Amsterdam Southeast 337,000 340,500 282,500 292,000 334,000 331,000 279,000 350,000 326,000 249,000 the reasons being that the economy continued to pick up. should allow the South Axis to become a full-fledged urban Amsterdam North 8,000 14,000 4,000 15,000 13,500 18,500 21,500 25,500 31,000 32,000 In the open market – excluding construction of owner- area, in the upcoming years all businesses established here Amstelveen 94,500 72,500 109,500 126,000 144,500 159,500 171,000 200,000 202,000 194,500 occupied offices – approximately 105,000 m² in total were must take impaired car accessibility into consideration. Diemen 66,000 78,500 69,000 73,500 72,500 65,000 38,500 28,500 18,000 18,500 taken up. The good letting results mainly followed from a According to real estate agents, companies are likely to change for the better in the Dutch capital as office take-up pick other office locations in the city given these expected levels in Amstelveen and Diemen did not amount to much traffic disruptions. AVAILABILITY RATES PER DISTRICT MID 2015 PRIME RENTAL LEVELS PER DISTRICT MID 2015 in the first half of this year. In Amsterdam, demand for rented property allowed take-up levels to slightly exceed Also thanks to good letting results, vacancy levels dropped % € 100,000 m² of office space, almost the same level compared for the first time in years. This was good news especially Amstelveen Amsterdam South Axis to the same period a year ago. The positive mood that for Amsterdam as well as Amstelveen. Amsterdam in Amsterdam Sloterdijk-Teleport Amsterdam Centre characterised the office market in Amsterdam is expected particular succeeded in seriously pushing down supply Amsterdam Southeast Amsterdam Southeast to persist throughout 2015. For instance, negotiations with levels. As a result, halfway through 2015 approximately Amsterdam West Amsterdam North Booking.com about a building located on Piet Heinkade 1 million m² of office space were available for rent or Amsterdam North Amstelveen are at an advanced stage. In addition, several parties sale; that is nearly 17% of total stock. In addition to the Amsterdam South Axis Amsterdam Sloterdijk-Teleport are in search of new accommodation. Take-up levels in rental of existing offices, some major withdrawals helped Amsterdam Centre Amsterdam West the city of Amsterdam remained steady in the first half pushed down the readily available floor area. Lower Diemen Diemen of 2015 not only because of many small and medium- supply levels in Amsterdam have given Sloterdijk-Teleport 0 10 20 30 40 50 0 50 100 150 200 250 300 350 400 sized transactions that took place, but also due to two and Southeast in particular a good reason to jump for Source: NVM Source: NVM sizeable lease transactions that came about in the same joy. Supply levels also went down in the city centre. In year. These transactions also allowed take-up figures to the South Axis, however, supply levels hardly changed TYPICAL RENTAL BANDS PER DISTRICT MID 2015 climb. For example, ChipSoft took up a 15,000 m² building and in the short term more floor area will be available TAKE-UP AND SUPPLY IN AMSTERDAM € € in Sloterdijk-Teleport, and ING Bank decided to rent as AkzoNobel, Stibbe and NautaDutilh are planning 2 Amsterdam Centre 145 300 about 24,000 m² in an office yet to be built in Amsterdam to relocate. What’s more, RBS Netherlands’ scheduled x 1,000m 1200 Amsterdam Sloterdijk-Teleport 90 150 Southeast. All things considered, take-up was most departure might also push up supply levels. Amsterdam West 80 150 1000 substantial in Southeast as well as Sloterdijk-Teleport as Amsterdam South Axis 230 335 800 both areas represented over two-thirds of office take-up. As far as rents are concerned, the first half of 2015 Amsterdam Southeast 80 195 Other locations in the city of Amsterdam had to settle for presented yet another divide. It was noticeable that higher 600 Amsterdam North 125 180 modest demand with offices along the A10 west ring road rents could be realised when it comes to better office 400 Amstelveen 80 175 suffering the most. Take-up volumes also remained poor locations. This situation presented itself in office buildings 200 Diemen 70 130 in the South Axis business district, to an extent because in Southeast, South Axis and also on southern IJ banks 0 large transactions in particular did not take place. The among other places. Here, the incentives in the form of 2006 2007 2008 2009 2010 2011 2012 2013 2014 ‘Zuidasdok’ project was questioned, for which both the rent-free periods were reduced. Supply Take-up Amsterdam South station and part of the A10 highway Source: NVM NVM BUSINESS RANDSTAD OFFICE MARKET 2015 NVM BUSINESS RANDSTAD OFFICE MARKET 2015 TRENDS IN OFFICE TAKE-UP PER DISTRICT 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 H1 m2 THE HAGUE REGION The Hague Centre 52,500 16,000 26,000 19,500 35,000 12,000 28,000 23,500 32,500 12,000 The Hague Benoordenhout 3,500 8,500 500 500 3,500 - 17,000 3,500 4,000 12,000 The Hague Bezuidenhout 29,500 7,500 2,000 32,500 41,000 21,500 11,000 26,000 11,500 4,500 The Hague Binckhorst - 13,500 15,000 2,500 - 1,500 1,500 4,000 1,000 1,500 The Hague Convention Centre 6,000 3,500 2,000 9,500 1,000 7,000 1,500 4,500 2,000 2,500 The Hague Laakhaven 7,500 10,500 2,500 2,000 - 500 9,000 2,500 6,000 4,500 Rijswijk 5,500 40,000 15,500 7,500 13,000 5,500 10,000 10,000 9,500 500 Leidschendam 500 9,500 500 1,000 - 1,500 1,500 1,000 - - Voorburg 5,000 3,000 - 1,500 - 5,000 4,000 3,500 500 - Delft 1,500 6,000 15,500 7,500 6,500 6,500 8,000 6,000 8,500 8,500 Zoetermeer 12,500 28,000 22,500 14,500 11,500 8,500 23,000 10,500 6,000 14,000 TRENDS IN OFFICE SUPPLY PER DISTRICT 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 H1 m2 The Hague Centre 41,000 63,000 78,000 111,500 135,500 139,000 138,500 164,500 152,000 154,500 The Hague Benoordenhout 21,500 26,000 37,000 42,000 56,500 46,000 49,000 68,000 63,000 50,000 The Hague Bezuidenhout 20,500 26,500 53,000 62,000 50,000 52,000 66,500 112,500 120,500 116,500 The Hague Binckhorst 55,000 56,500 45,500 70,000 84,500 84,000 85,000 78,000 81,000 80,500 The Hague Convention Centre 37,500 38,000 17,000 31,000 34,500 27,500 33,000 30,500 29,500 28,500 The Hague Laakhaven 36,000 24,000 17,000 37,000 40,500 53,000 70,000 58,500 38,000 39,000 Rijswijk 114,000 133,000 135,500 189,500 193,000 221,500 244,500 243,500 242,000 244,500 Leidschendam 20,000 24,000 40,500 46,000 46,000 44,000 45,500 27,500 27,500 13,000 Voorburg 20,500 19,000 23,000 28,500 30,500 29,000 31,500 29,000 12,500 15,500 Delft 28,500 18,500 4,000 32,000 35,000 39,500 36,500 44,500 56,500 61,500 The first six months of the year 2015 presented a positive shift operations to a building that is home to insurance Zoetermeer 119,500 103,500 83,000 102,000 132,000 130,000 135,500 138,000 136,500 130,000 change as far as the office market in The Hague region is company Klaverblad Verzekeringen on Afrikaweg.
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