2026年荷兰写字楼市场报告

Occupier and Investment market trends in the G5.Amsterdam • The Hague • Rotterdam • Utrecht • Eindhoven Amsterdam Amsterdam's office take-up remained stable and office investments recorded an increase “The Amsterdam officemarket recorded strongleasing activity in 2025,with total take-upreaching approximately210,000 sq m.” Rental Range & Vacancy Rent (€/m²/year) LHS, Vacancy Rate (%) RHS active city in the Netherlands. Thisrecovery reflects a broader trendacross Dutch commercial real estate,where total investment volumes roseapproximately 20% year-on-year.Improved financing conditions,declining interest rate volatility,and renewed investor appetite havecontributed to a more constructiveenvironment. Family offices anddomestic (private) capital werethe most active buyer profiles. Prime gross initial yields inAmsterdam stand at 5.25%, amongthe sharpest in the country, reflectingthe city’s status as the most liquidand popular office market in theNetherlands. The spread betweenprime and secondary assets haswidened as investor demandremains firmly focused on future-proof, ESG-compliant buildingswith strong tenant covenants. Demand has increasingly shiftedtowards smaller units, althoughthe volume of large transactionsremained healthy. The technologyand professional services sectorswere particularly active, alongsideflexible office operators. A2below 5%, secondary districts includingWest/Riekerpolder and Sloterdijkcontinue to carry elevated vacancy. LEASING MARKETA4 The Amsterdam office marketrecorded solid leasing activity in2025, with total take-up reachingapproximately 210,000 sq m.Demand was led by the South Axisand city centre, which togetheraccounted for the majority of deals.The flight to quality remained adominant theme, with occupiersgravitating towards prime, ESG-compliant buildings offering excellentconnectivity and amenities. Investment Volume LHS, Prime GIY RHS INVESTMENT MARKET The Amsterdam office investmentmarket recorded a total volumeof approximately EUR 651 millionin 2025, positioning it as the most Amsterdam’s structural appeal isfurther underpinned by its positionas the leading business services andICT hub in the Netherlands, withoffice-based employment growthoutpacing most European peers.The constrained developmentpipeline is expected to keepprime vacancy tight and supportrental growth, reinforcing thecase for capital value stability. While prime locations such as theSouth Axis maintain vacancy rates Notable transactions includeda major letting in Joan to Ayvens(almost 10,000 sq m) and in TheRock to Databricks (circa 14,000sq m). Top rents on the South Axisexceeded EUR 650 per sq m, withpremium buildings consistentlyachieving levels above EUR 500.The city centre also attracted stronginterest from flex-office operatorsand professional services firms. The key transaction in Amsterdamwas the sale of Weesperstaete forapproximately EUR 100 million. Withmore core assets expected to cometo market in 2026 it is expected thatthere will be an increase in biggerlot size transactions with furthercompression of the prime yield. The Hague The Hague prime office vacancy remains low with strong investor demand “The city’s profile as astable, income-drivenmarket continues toattract investorsseeking long-termcash flow security.” Rental Range & Vacancy Rent (€/m²/year) LHS, Vacancy Rate RHS INVESTMENT MARKET The Hague’s office investmentmarket recorded a total volume ofapproximately EUR 370 million in2025, a solid performance underpinnedby low vacancy in prime districtsand rental growth. The city’s profileas a stable, income-driven marketcontinues to attract investors seekinglong-term cash flow security. Prime gross initial yields standat 6.60%. Low vacancy rates in coredistricts are supportive of rentalgrowth, which is expected to driveyield compression over the mediumterm. The broader Dutch investmentmarket recovery – characterised bystable financing costs and improvedlender appetite – is benefitting TheHague as well. Delftarea attracting several large lettingsand Netcompany leasing 6,500 sq m inHaagse Poort. In contrast, the Binckhorstarea continues to carry the highestvacancy in the region at 17%, thoughongoing redevelopment initiatives areexpected to transform this area. Overall office availability in TheHague has declined, reflectingboth absorption and the continuedwithdrawal of older stock. The marketoutlook remains positive, underpinnedby government-related demand and agrowing professional services sector. LEASING MARKET The Hague office market recordedtake-up of approximately 59,000 sq m.Activity was concentrated in theBeatrixkwartier, Bezuidenhout, andcity centre districts, which togetheraccounted for most of the leasingvolume. The government and semi-public sectors continued to play asignificant role in driving occupierdemand with FMO as an exampleextending their circa 9,300 sq m lease atthe Anna van Saksenlaan. The Hague’s investment case isuniquely underpinned by its ro