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Structural increase in vacant commercial premises

January 03, 2011 3854 Views

At the end of 2010, a total of 13.5 million square metres of commercial space was available to rent or buy in the Netherlands. According to NVM Business, this represents an increase of 13% since the end of 2009. DTZ Zadelhoff lists slightly different statistics, but the trend is the same. Zooming in on the details, we can conclude that logistics premises account for much of the vacant space. Also, many older properties are standing empty – those built in the 1970s, 1980s and even the 1990s.

These latest figures confirm that the structural increase in vacant commercial premises, which began years ago, is still continuing. But what underlying mechanism is at the heart of this trend? And perhaps more importantly: can we expect, or create, a reversal of it?

If you have questions or if you would like to offer your feedback to this article, you can contact Mari van Kuijk.

 

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