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Dutch office market faces EUR 10bln writedown: DTZ

Posted on 05 January 2012

The struggling Dutch office market needs a haircut of up to EUR 10 bn to restore it to health, according to DTZ Zadelhoff. The figure is based on DTZ’s annual survey which indicates that the office vacancy rate in the Netherlands currently totals nearly 8 million metres. This is equal to 16% of a total office supply of some 48 million m2.
‘Much of this supply has stood empty for so long that we can wonder if any prospective tenants can be found for this space,’ DTZ’s Dutch CEO Cuno van Steenhoven said……………………………………….Full Article: Source


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