DutchNews, March 10, 2016
A quarter of the office space in Amsterdam
and Eindhoven would have been left empty if efforts had not been made to turn
it into hotels and homes, property advisory group JLL said on Thursday.
However, by redeveloping empty offices as homes, the vacancy rate has been cut
to around 15%, JLL said in the Financieele Dagblad.
In 2006, some two million
square metres of office space was leased to new tenants but by last year this
had fallen to 1.2 million square metres. By demolishing old properties and
transforming others into housing, developers were able to keep the take-up at
over two million square metres, for the first time since the economic crisis,
JLL said.
On average, around 15% of office property in the Netherlands is
empty. Fewer offices are needed because
companies are working in smaller spaces as more workers are allowed to work
from home.
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