Quick Scan: Arnhem
Arnhem Central is increasingly developing into an attractive business location due to the new multifunctional character. Transformations have reduced the total office supply in the center of Arnhem from 410,000 sq. m in 2013 to 362,550 sq. m in 2018. Mainly the outdated offices are converted into residential. Various withdrawals in the office market and the increasing demand have led to a drop in the supply to 7%. We see a cautious trend in the recovery of rental value, and an increased attractiveness for the investment market. We expect that in the short term, transactions will show that the trend has been moving upwards.
These positive developments are confirmed by the location of the international company Hoogwegt. They will realize approximately 4,300 sq. m office space on the North side of the Central station of Arnhem for their own use. In addition, the Rijntoren currently has occupancy of almost 100%. The station area is getting more and more popular. ABC Planontwikkeling is planning on building a mix-used tower at the station of Arnhem. Besides that, the accessibility will be improved because of the increased travel frequency between the Randstad and the East of the Netherlands.
Spring Real Estate has analyzed the most important office buildings based on the most important indicators. The information presented is based on SpringBase.
Office stock
Vacancy
Market rental price
Transactions
