Available spaces in industrial areas decrease to a ‘record level’

The vacancy rate in industrial areas has fallen to 3.8 percent in 2022. The space available in industrial areas is even lower: the vacancy rate there has fallen to a record low of 1.8 percent. Moreover, the display is of low quality. This is evident from Stec Groep’s analysis. “Good luck to anyone looking for commercial property,” writes the consultancy.

There is a shortage in both urban and rural areas and in all kinds of industrial cities. Furthermore, nearly half of the properties offered have been vacant for some time and often do not meet sustainability or location requirements. This is evident from Stec Groep “Display Screen for Industrial Spaces in Industrial Cities”.

The demand for industrial space is expected to remain high in the coming years, due, for example, to the energy transition, the transition to a circular economy and the challenge of major urbanization. Stec concludes that “there is therefore an acute shortage of available and existing industrial space in the industrial areas of the Netherlands”.

Brakes on the dynamics

With a vacancy rate of 3.8 percent, the space available to businesses is less than the friction vacancy rate. This is usually around 5 percent and is seen as necessary to enable relocations, expansions and dynamics at the sites. Statistics from Statistics Netherlands show that vacancies have decreased in recent years. In 2015, the vacancy rate at 4.7 percent was still close to the frictional vacancy rate, before declining steadily to 3.8 percent in the following years.

Stec now says, based on its own analysis, that this trend is also occurring in malls. “The shortfall in business parks is only greater,” Stec said in a press release. The vacancy rate in industrial areas has ranged between 2 and 3 percent in recent years, and reached a “record low” of 1.8 percent in the first half of 2022.

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shortages everywhere

The shortage is evident in all provinces. At the COROP level, the same image returns. A large part of the COROP regions in the Netherlands have a supply level of 2 percent or less of the real estate stock in the industrial regions.

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