mid-year 2019 amsterdam - exis · 2019-09-25 · what’s going on in.. ytd net absorption under...

What’s going on in.. YTD net absorption Under construction Average asking rent (gross) Concessions Market Size Largest Office Deal Total Vacancy For more information, please contact: FUNDAMENTALS OVERVIEW Forecast AVERAGE ASKING RENTS TOTAL VACANCY OUTLOOK exisglobal.com | [email protected] MID-YEAR 2019 Olivier van Gool| [email protected]| +31 (0) 6 53 47 09 09 8,8% 9,3% 9,3% 8,9% 6.7% 2014 2015 2016 2017 2018 €50 €100 €150 €200 €250 €300 2014 2015 2016 2017 2018 Class A Class B AMSTERDAM 12,000 sq.m. 553,500 sq.m. 5,913,500 sq.m. The Amsterdam office market is in good shape. A significant part of the structural vacancy has been transformed and many outdated office buildings have also been renovated. Vacancy is decreasing and market rent levels are rising. In addition, Amsterdam is taking a leading position in the Dutch market, which is characterized by a low vacancy level, strong demand from users (eg. due to Brexit) and interest from international investors. Recently, there has been a revival of construction activities. A large part of the new construction that comes on the market is pre-let. 163,000 sq. m. 125,000 sq. m. EUR 218 per sq. m. Flat to decreasing • Rents register a further increase, which is expected to continue while incentives dry up. • Availability of office space in prime locations is limited, resulting in a growing interest in secondary locations. • Demand from both occupiers and investors for highquality offices at multimodal locations continues to remain strong. • Together with Germany, the Dutch economy is expected to register the highest GDP growth for 2020. • The office market is forecast to register record-high occupier activity, resulting in a further rental level increase in sub-core markets. • Total investment volume is tempered due to scarce investment opportunities, leading to expected stabilisation of prime yields.

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What’s going on in..

YTD net absorption

Under construction

Average asking rent (gross)

Concessions

MarketSize

LargestOffice Deal

TotalVacancy

For more information, please contact:

FUNDAMENTALSOVERVIEW Forecast

AVERAGE ASKING RENTSTOTAL VACANCY

OUTLOOK

exisglobal.com | [email protected]

MID-YEAR 2019

Olivier van Gool| [email protected]| +31 (0) 6 53 47 09 09

8,8%9,3% 9,3%

8,9%

6.7%

2014 2015 2016 2017 2018

€50

€100

€150

€200

€250

€300

2014 2015 2016 2017 2018

Class A Class B

AMSTERDAM

12,000 sq.m. 553,500 sq.m. 5,913,500 sq.m.

The Amsterdam office market is in good shape. Asignificant part of the structural vacancy has beentransformed and many outdated office buildings havealso been renovated.

Vacancy is decreasing and market rent levels are rising.In addition, Amsterdam is taking a leading position in theDutch market, which is characterized by a low vacancylevel, strong demand from users (eg. due to Brexit) andinterest from international investors.

Recently, there has been a revival of constructionactivities. A large part of the new construction thatcomes on the market is pre-let.

163,000 sq. m.

125,000 sq. m.

EUR 218 per sq. m.

Flat to decreasing

• Rents register a further increase, which is expected tocontinue while incentives dry up.

• Availability of office space in prime locations is limited,resulting in a growing interest in secondary locations.

• Demand from both occupiers and investors forhighquality offices at multimodal locations continues toremain strong.

• Together with Germany, the Dutch economy isexpected to register the highest GDP growth for 2020.

• The office market is forecast to register record-highoccupier activity, resulting in a further rental levelincrease in sub-core markets.

• Total investment volume is tempered due to scarceinvestment opportunities, leading to expectedstabilisation of prime yields.

Heb 5.14 and Exis - A History of Misunderstanding