1) Vertical Sorting, Height Premiums and Productivity in Multi-Tenant Office Buildings A study of Amsterdam, Rotterdam and The Hague. Name D.H.W. Hinlopen Domain Real Estate Management Vert Master Track Management in the Built Environment University TU Delft Version P5 (15-06-2020) Supervisor 1 Dr. I. Nase Supervisor 2 Ing. P. de Jong 2 Personalia Name D.H.W. (Daan) Hinlopen Student Number 4847180 Address Kloosterstraat 75 1115 BK Duivendrecht Phone +31 (0)6 12 11 55 28 Email
[email protected] Delft University of Technology First supervisor Dr. I. Nase Domain Real Estate Management Second supervisor Ing. P. de Jong Domain Design & Construction Management External examiner Ir. A.C.H. van den Breemer Cushman & Wakefield Company supervisor Bas Kamperman/Mark Berlee Department Valuation & Advisory Address Pernassusweg 803 1082 LZ Amsterdam 3 Executive Summary As more people are moving towards urban environments, cities are under pressure and are becoming more dense. Cities are reaching their physical boundaries, limiting the possibilities for horizontal expansion. Solutions towards the problem of densification of cities such as tall buildings are becoming increasingly popular. The execution of the solutions require a vast economic understanding of these buildings. Existing urban economic literature revolving around this topic has mainly focussed on the horizontal scale of cities and buildings while largely ignoring the vertical aspects. In this study the vertical economics within tall buildings are further researched with an objective to shed light on the interrelationship between price premiums per floor level, vertical sorting through the willingness to pay for height of tenants and productivity measured by revenue per employee within tall buildings in Amsterdam, Rotterdam and The Hague.