Netherlands: total take-up of office space 2021

The total take-up of office space in the Netherlands increased in 2021, after falling below one million square meters for the first time since 2012. While take-up picked up in 2021, at about 1.2 million square meters, it was still below the 2019 value. As the economy has begun to recover from the impact of the coronavirus (COVID-19) pandemic, more companies have shown their readiness to pay the right price for an office building.

Total take-up of office space in the Netherlands from 2010 to 2021 (in 1,000 square meters of lettable floor area)

Characteristic	Total take-up in thousand square meters
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Release date

April 2022

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Region

Netherlands

Survey time period

2010 to 2021

Supplementary notes

The figures have been taken from several publications.

The source defines 'lettable floor area' as a measurement of the total occupiable floor space taken from the inside surfaces of the exterior walls and/or the mid-line of any shared walls and excludes areas such as common stair wells, toilets, lift lobbies and vertical service ducts.

The numbers provided are as of January 1st of each year and include transactions of offices spaces with a minimum lettable floor area of 250 square meters in Amsterdam, Rotterdam, The Hague and Utrecht and all transactions in other municipalities. Investment transactions or offices which are to be 'transformed' in residential real estate are excluded from these figures. Transactions are registered in the year both parties reach an agreement.

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